Mizzima
The fuel prices in the domestic market are rising after the Singapore MOPS (Mean of Platts Singapore) fuel price index also rose.
According to the announcement made by Fuel Import Storage and Distribution Supervising Committee on 23 November, the reference prices for Yangon Region are 2,210 Kyats per litre for RON 92 petrol and 2,350 Kyats per litre for RON 95 petrol.
On 21 November, the fuel prices were stable at 2,105 for RON 92, 2,240 Kyats for RON 95, 2,125 Kyats for ordinary diesel and 2,215 Kyats for premium diesel.
According to the Fuel Import Storage and Distribution Supervising Committee, fuel prices are rising in other states and regions too.
The Singapore MOPS index for fuel were US$86.18 per barrel for RON 92 and US$ 92.65 per barrel for RON 95 on 17 November, and then it rose to US$ 91.30 for RON 92 and US$ 97.3 for RON 95 on 21 November.
Local residents from Kalay Myo said that the filling stations were seen with long queues of vehicles even at the price of 48,000 Kyats per gallon (approx.3.78 liters) and also roadside shops selling fuel were running dry.
Similarly, the local residents in Lao Gai where the fierce fighting is raging said that the fuel price had reached the exorbitant price of over 80,000 Kyats per liter for petrol.
The Military Council is planning to import fuel from Russia for distribution in the domestic market.
The Military Council said in June that Myanmar and Russia had reached an agreement to jointly work between ministries from both countries for meeting fuel and electricity demand in Myanmar.
The Military Council said that the domestic fuel prices were fair in comparison with prices in the neighbouring countries and they claimed that they had enough fuel stock for distribution in the domestic market.
But in reality the fuel is rationed at filling stations with a prescribed quota for each vehicle per day and the people could buy only the limited amount. Moreover, the fuel prices are rising in the market after the US dollar-Kyat exchange rate was worsening.
