Petrol and diesel prices slightly down

According to the statement of the Supervisory Committee on Import, Storage and Distribution of Fuel Oil, petrol and diesel prices were down yesterday. The prices became K2,015 for one litre of 92 Octane and K2,130 for one litre of 95 Octane, dropping K50 per litre for 92 Octane compared to the price on 10 May which was K2,075 per litre.
From 4 May, the Supervisory Committee on Import, Storage and Distribution of Fuel Oil has set the reference rates of retail/wholesale fuel prices based on the prices of MOPS.
“Even though oil prices are falling, there is not much difference day after day. We, the drivers, have to choose the right and cheap fuel station because of different prices and poor quality,” said U Tayote, a taxi driver in South Okkalapa Township.
According to yesterday’s reference price rate, one litre of ordinary diesel was K2,220, and one litre of premium diesel was K2,250, dropping K125 compared to 10 May. The reference prices are also set by the city and at least K100 up to K200 can be different by city. It is also reported that petrol prices have risen slightly and diesel prices have slightly fallen back. — TWA/GNLM