The fuel prices are rising in the lead up to the Thingyan Water Festival and the price of 92 Octane number petrol is 2,250 Kyat per litre as of 7 April.

The fuel prices announced by the Fuel Import Storage and Distribution Supervision Committee on 7 April are Petrol 92 Octane is 2,250 Kyat per litre, Petrol 95 Octane is 2,305 Kyat per litre, Premium Diesel is 2,210 Kyat per litre and ordinary Diesel is 2,130 Kyat per litre.

The prices of fuel are rising by over 100 Kyat per litre on average within a week.

The fuel prices are rising as the Thingyan Water Festival draws closer.

Business people say that the fuel prices at the filling stations in Yangon are rising by at least 100 Kyat per litre per week and also diesel used in generators at the manufacturing plants was in short supply and difficult to obtain.

The Ministry of Electricity Energy under the Military Council have announced load shedding schedules but have been unable to stick to the schedule mean power cuts tend to run longer.

As a result, business people and manufacturers have to run their machinery and equipment using their own generators. Even so they are facing more difficulties in finding the required diesel fuel as there is a shortage.