About 190 petrol stations approved across Myanmar in 9 months­

Permissions were granted for opening about 190 petrol stations across the country between December and September in the 2018-2019 financial year, according to official statistics released by the Ministry of Electricity and Energy.

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An employee at a fuel station fills up a car’s oil tank.  
Photo: Phoe Khwar

There were 2,389 privately owned petrol stations across the country as of 27 December, 2018. Over the next nine months, the authorities issued licenses for opening 187 more petrol stations, which has brought the number of private petrol stations to 2,576 as of 18 September.
As of 18 September, petrol distribution and sale licenses have been issued to 94 stations in Union Territories, 183 in Yangon Region, 631 in Mandalay Region, 211 in Ayeyawady Region, 257 in Bago Region, 177 in Magway Region, 224 in Sagaing Region, 28 in Taninthayi Region, 110 in Kachin State, 18 in Kayah State, 50 in Kayin State, four in Chin State, 131 in Mon State, 38 in Rakhine State, 57 in Shan State (East), 193 in Shan State (North), and 170 in Shan State (South).
Myanmar imports 90 per cent of its fuel oil, while 10 per cent is produced locally.
Myanmar imported over 4.957 million tons of fuel, worth over US$2.942 billion between October and August in the current fiscal, a decline of over 480,000 tons, worth over $380 million, compared to the same period last year, according to statistics provided by the Ministry of Commerce.
The country also purchased over 3 million tons of diesel, worth $1.797 billion, and 1.877 million tons of fuel oil, worth over $1.144 billion, in the October-August period.
On 23 September, the price of one liter of fuel oil stood at K950 for diesel, K960 for premium diesel, K850 for Octane 92, and K940 for Octane 95 in the Yangon fuel market.
Petrol consumption in Myanmar has increased six-fold over the past five years.
— Aye Maung

(Translated by Hay Mar)

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