Mizzima

Fuel prices have risen sharply in Myanmar largely due to a sudden rise in foreign currencies exchange rates.
According to the price quotations issued by the Petroleum Products Regulatory Department (PPRD), the price of 92 Ron petrol rose to 2,310 Kyat per liter and it is sold in Kentung at 3,120 Kyat per liter due to extra for transportation costs.

According to statistics released by the PPRD, the petrol price has reached over 2,000 Kyat per litre mark since 12 July and it rose by 330 Kyat within one month.

The fuel prices are rising along with other imported commodities when the US dollar exchange rate has reached around 3,500 Kyat against the dollar in the domestic money changer market.

The price of fuel in Yangon Region are 2,310 Kyat per litre for 92 Ron petrol, 2,420 Kyat for 95 Ron petrol, 2,500 Kyat for diesel and 2,575 Kyat for premium diesel respectively, the fuel reference prices issued Friday say.

Like in Yangon, the price of 92 Ron petrol is over 2,300 Kyat per litre in Mandalay, Naypyidaw, Bago, Magway, Dawei, Monywa, Pathein, Hpa-an, Mawlamyine, Lashio and Taunggyi. Similarly, the price of this fuel is over 2,400 Kyat per litre in Myitkyina, Sittwe and Loikaw while 2,630 Kyat in Hakha and 3,120 Kyat in Kentung.

In Yangon Region, the prices of fuel on 10 August were 2,195 Kyat per litre for 92 Ron petrol, 2,310 Kyat per litre for 95 Ron petrol, 2,360 Kyat per litre for HSD (500 ppm), 2,440 Kyat per litre for HSD (50 ppm) respectively.  (HSD – High Sulfur Diesel, ppm-parts per million)