Over 51 mln litres of fuel oil sold at fairer prices within one and half months: CAD

DSC 0621 mk
The fuel oil at the fairer price is available at 229 petrol-filling stations in Yangon, Mandalay, and Nay Pyi Taw cities and Mon, Shan, Kachin, Kayin and Rakhine states and Sagaing, Bago, Magway and Ayeyawady and Taninthayi regions.

The Consumer Affairs Department stated that more than 51 million litres of fuel oil were sold at the subsidized rate between 22 September and 2 November 2021.
Starting from 22 September, the total volume of fuel oil that is sold at very reasonable rates is equivalent to the amount that the oil importers directly purchased the foreign currency from the Central Bank of Myanmar, intending to offer fairer rates through the relevant association.
Over 19 million litres of 92 Ron, 12 million litres of diesel and 18 million litres of premium diesel have been sold.
The fuel oil at the fairer price is available at 229 petrol-filling stations in Yangon, Mandalay, and Nay Pyi Taw cities and Mon, Shan, Kachin, Kayin and Rakhine states and Sagaing, Bago, Magway and Ayeyawady and Taninthayi regions.
Consumers can complain about overcharging for fuel oil which is sold at the subsidized rate under the public distribution system. 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, (01250270) of Yangon Region Consumer Affairs Department and 09421006794 of the Myanmar Petroleum Trade Association.
The fuel oil was pegged at around at 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 climbs up to K1,425 for Octane 92, K1,490 for Octane 95, K1,370 for diesel and K1,380 for premium diesel at present. There is a remarkable price gap of K700-800 per litre, according to the local fuel oil market.
A dollar is worth K1,900 in the local forex market.
Normally, Myanmar yearly imports six million tonnes of fuel oil from external markets, the Ministry of Commerce stated. —NN/GNLM

Share this post
Hot News
Hot News
28 June 2022
Kyel Gyi to face Min Htet Aung in final of Shwe Aung Lan Traditional Boxing Tourney
Ease too much reliance on refrigeration facilities
Exports of aquaculture products top $113.5 mln as of 17 June
Dried chilli pepper price rallies to K7,500 per viss
Opinion seeks on new $ 8.9 billion Muse-Mandalay railway project
Meeting on expansion of using Baht/Kyat and Yuan/Kyat in border trade held
Seized narcotics worth over $ 642 million incinerated in major cities on int’l day against drug abuse and illicit trafficking
SAC Chairman Prime Minister inspects progress in building Maravijaya Buddha Image
An emphasis must be placed on shaping Nay Pyi Taw as Green and Clean City in a long run plan as well as green and clean cities in other regions and states with great farsightedness: Senior General