Consumers to complain about overcharging for fuel oil under public distribution system

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The consumers can complain about overcharging for fuel oil which is sold at a subsidized rate under the public distribution system, the Ministry of Commerce stated.

The consumers have the chance to complain about overcharging for fuel oil which is sold at a subsidized rate under the public distribution system, the Ministry of Commerce stated.
Starting from 22 September, the total volume of fuel oil that are sold at very cheap rates is equivalent to the amount that the oil importers directly purchased the foreign currency from the Central Bank of Myanmar, intending to offer cheaper rates through the related associations.
This scheme is being implemented in Yangon, Mandalay and Nay Pyi Taw cities and Taninthayi, Shan and Rakhine states and Sagaing, Bago, Magway and Ayeyawady regions at fairer prices. The addresses of those government-sponsored petrol station chains have been posted on the official website of the Ministry of Commerce and the consumers can buy the fuel oil at the set price through those stations.
If any overcharging is found, the consumers can complain about it through the contact numbers 09664075683, 09664596327, 09687635943 and 09676320826 of the National Trade Facilitation Committee, (01 250270) of the Yangon Region Consumer Affairs Department and 09421006794 of the Myanmar Petroleum Traders Association. The fuel oil was pegged at around K590 per litre for Octane 92, K610 for Octane 95, K590 for diesel and K605 for premium diesel in early February 2021 in the domestic retail market. Then, it remarkably climbed up to K1,235 for Octane 92, K1,275 for Octane 95, K1,230 for diesel and K1,249 for premium diesel in September-end. There is a remarkable price gap of K600 per litre, according to the local fuel oil market.
The devaluation of the local currency is the main reason for the oil price hike in the domestic market. At present, a dollar is worth about K2,200-K2,700 in the black market. Normally, Myanmar yearly imports 600,000 tonnes of fuel oil from external markets, the Ministry of Commerce stated. – NN/GNLM

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