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Fuel oil imports up during mini-budget period

During two-and a-half-month mini-budget period, Myanmar imported 803,941 tonnes of fuel oil, up nearly 90,000 tonnes worth US$ 255.780 million compared with the same period last year, said Khin Maung Lwin, assistant permanent secretary of the Commerce Ministry. Until June 15, this year, Myanmar’s fuel oil imports amounted US$ 885.310 million. Last year, Myanmar imported […]

Ministry plans to stabilise fuel oil price

In an attempt to control rising fuel oil prices, eight State-owned fuel filling stations will directly sell fuel at a fair price as of July 1, according to the Ministry of Electricity and Energy. Rising fuel prices are coupled with an increase in the global fuel price and currency exchange rates. The ministry will sell […]

Cost of petrol up on the back of rising oil prices

Local petrol prices have spiked between K35 and K40 per liter in the past two months, boosted by a rise in global crude oil prices. On November 15, local petrol prices reached a high of K815 per liter of 95Ron and K775 per liter of 92Ron. Meanwhile, prices hit K785 per liter of 10ppm diesel […]

Fuel Importers Submit Proposal for Deep-Sea Port in Yangon

Representatives of the oil and gas in­dustry have sub­mitted a business propos­al to the government to a build a deep-sea port near Yangon. “We are studying the potential logistics and feasibility of a deep-sea port project 20 miles from Yangon to reduce transportation costs for maritime trade and fuel imports,” Dr Win Myint, Secretary of […]