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Myanmar considers direct imports, new infrastructure to lower domestic fuel costs

The Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI) and Myanmar Petroleum Trade Association (MPTA) have suggested that Myanmar directly import fuel oil from oil exporting countries in Asia. The move took place during a meeting with U Win Khine, Minister of the Ministry of Electricity and Energy (MOEE) at the UMFCCI […]

Need to reduce consumption rises as fuel imports surge

As fuel can be imported freely from overseas, the volume and value of fuel imports into Myanmar is expected to rise this year compared to last year, U Khin Maung Lwin, Assistant Secretary from the Ministry of Commerce, told The Myanmar Times. “Gasoline has been allowed to be imported regularly into Myanmar. As the private […]

Government Plans to Ship Fuel From Thilawa to Yangon in a Bid to Slash Transport Costs

The Yangon govern­ment has unveiled a proposal to begin transporting oil and pe­troleum products from Thilawa to Yangon via ship in a bid to reduce transportation costs in­curred by consumers at the pump, a chief minister has said. Under the proposal small oil tankers, with a capacity of up to 3,000 tonnes, would load up […]