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Myanmar’s fuel market: from fanfare to standstill

IN JULY 2017, Frontier reported on the longstanding frustration among drivers in Myanmar at the poor quality of fuel sold at local stations. Just a few months earlier, the Myanmar Investment Commission had abolished a requirement that foreign investors in the sector partner with the Ministry of Energy and Electricity. The larger local players were […]

New fuel storage farm opens in Mandalay

A tank facility capable of storing nine million litres of fuel has been officially opened in Mandalay Region. The tank farm, part of a port project where fuel is loaded and unloaded, was officially opened on Sunday. It is located at the confluence of the Ayeyarwady and Duhtawady rivers in Amarapura township, Mandalay Region. “Fifty-one […]

An electric bus leapfrog for a cleaner, healthier Yangon?

More cars, buses and trucks on the roads are driving air pollution higher in Yangon. In 2018, a team of Japanese and Myanmar researchers found the city had unhealthy levels of what scientists call PM2.5 – soot 100 times thinner than a human hair. According to their article, published in Environmental Health and Preventative Medicine, […]

Petrol prices anchored by strengthening kyat: officials

The strength of the Myanmar kyat has been a key factor in helping go stabilise local petrol prices at a time when global oil prices have become increasingly volatile. Since the start of the year, oil prices have risen on the back of US sanctions on Iran, a major oil-producing nation. As fuel is mostly […]

An industry-crippling jet fuel monopoly breaks

A domestic airline has received approval to sell aviation fuel in a decision that has ended a monopoly and raised hopes of cheaper prices and better service. GOLDEN MYANMAR Airlines has received Myanmar Investment Commission approval to operate an aviation fuel business, in the first sign of competition for the state-backed monopoly that airlines say […]

Still no new takers in deregulated domestic fuel market

Despite the relaxation of regulations for foreign investors to enter the fuel import and distribution business in Myanmar, no new companies have entered the market over the last year, said U Thant Sin, vice chair of Supervisory Committee for Petroleum and Petroleum Product Enterprises at a press conference on October 11. Previously, the Ministry of […]

Myanmar National to seek foreign funds for fleet upgrade

Myanmar National Airlines (UB, Yangon) will seek foreign investors to finance the upgrade of the carrier’s international fleet and it has also approached the Myanma Port Authority in this regard, Director U Myint Aung has told The Myanmar Times. The Myanmarese flag carrier has been unprofitable since its corporatisation in 2013 but hopes to post […]

Yangon government plans to buy, store fuel in attempt to control prices

As domestic fuel prices are expected to rise faster than global prices, the government will hedge against price volatility by buying and storing petrol onshore as demand rises during the coming fiscal year, said Yangon Chief Minister U Phyo Min Thein. Fuel, gasoline and diesel are vital for facilitating the flow of trade in Myanmar. […]

Falling farm prices, currency hit Thai-Myanmar trade

TAK: Trade value across the border with Myanmar border in Mae Sot district dropped more than 10% last year on falling prices in the agricultural sector and a drop in the value of the kyat. Suchart Triratwattana, the chief adviser of the Tak Chamber of Commerce, said on Wednesday border trade between the district and […]

RFP for provision of Fuel to all UN agencies on Long Term Agreement. Closing Date 22 Nov 2017

Subscribe to our tender alert mailing list Reference No.: LRFP-2017-9130792 (Re-Advertisement) UNICEF is inviting sealed Request for Proposal(RFP) to enter into Long Term Agreement with one or more qualified suppliers for povision of fuel to all UN agencies in Myanmar. Interested companies who have valid business registration and a minimum of two years’ experience with […]