MPPE suspends import of octane to stabilize fuel oil market

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

With the increase of foreign exchange rate, the price of imported fuel oil has increased in the local market. Therefore, Myanmar Petroleum Products Enterprise (MPPE) has suspended import of Octane 92 from foreign countries at the end of July.
In order to stabilize and lessen of the fuel oil price in the local market, MPPE is putting petrol, produced in Myanmar, on sale at the state-owned fuel filling stations.
MPPE sells the petrol, produced at Petrochemical Complex (Thanbayarkan), and Myanma Petrochemical Enterprise under Ministry of Electricity and Energy, at Ks 3,800 per gallon at the state-owned fuel stations in other regions, including Mandalay.
Most of the high model motorbikes and vehicles only use Octane 92 and 95. Only 90 and 110 cc powered engine motorbike use those local produced petrol because they are low in octane number.
According to private filling stations in Mandalay, the price of a liter of diesel reached around Ks 690 in the retail market, while one liter of high quality diesel was sold at Ks975, Octane 92 Ks950, Octane 95 Ks995 and petrol Ks 900 on 30 July. — Thiha Ko Ko (Mandalay)

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