Government intervention pushes down fuel prices in Mandalay

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The Ministry of Energy-controlled Myanma Petroleum Product Enterprise has been reducing fuel prices at its stations since the beginning of April.
While the global price rose to US $64.83 per barrel on 28 April, the enterprise was selling petroleum for K2,900 ($2.70) per gallon, down from K3,350 per gallon, fuel station operator  U Soe Win Myint said.
The enterprise distributed 9,600 gallons of petroleum to each fuel station to reduce the price,
he said.
Before the Maha Thingyan period, businessmen sold K138,000 per 50-gallon barrel of octane, K129,000 for diesel and K148,000 for petroleum in Mandalay. However, as of 28 April, prices were K152,000 per barrel of octane, K140,000 for diesel and K149,000 for petroleum.
More than 40 fuel stations in Mandalay have been supplying customers with octane at K2,900 per barrel, diesel for K3,150 and petroleum for K3,600.
Min Htet Aung (Mandalay Sub-printing House)

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