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Few foreign fuel investments, but more Yangon Petrol stations planned: Chief Minister

The Yangon Region Government will increase efforts to allow more Yangon Petrol Co (YP) fuel stations to open in response to high demand, regional government officials said at its annual press conference last week. “The public frequently asks us to open more YP petrol stations across Yangon. However, many of these projects have been delayed […]

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 […]

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 […]

Car import permits down 60pc in 2017-18

Applications for the import of passenger vehicle is down by more than 5,000 so far this fiscal year compared to the same period in the previous fiscal year, said U Aung Htoo, deputy minister for Ministry of Commerce. The government has been trying to limit the import of cars to control traffic congestion in the […]

Dawei port grows busier

The number of cargo ships arriving at and leaving Dawei port in Taninthayi Region has significantly increased this year compared to the same period last year. From January to April last year, 107 ships entered and exited the port trading 56,693 tonnes of goods. However, in the same period of this year, there were 111 […]

Live cattle top Myawaddy export list

OF the nearly 40 billion baht (US$1.1 billion) worth of trade that passed through the Mae Sot and Myawaddy border posts last fiscal year, about 90 percent, or 36 billion baht worth, represents exports from Thailand to Myanmar, according to Thai statistics. The Thai fiscal year runs from October 1 to September 30. Thai customs […]

Street-side petrol sellers cling on as station numbers increase

Street-side petrol sellers were a common sight before 2010, when there were relatively few official petrol stations, all run by a government monopoly. The introduction of private fuel stations brought the number of stations from 260 in 2010 to over 1000 now, reducing the need for roadside fuel vendors as it became easier for drivers […]

Petrol retailers face twin fears

Retail sellers of petrol say the market is being hit by a sliding exchange rate just as competition is set to intensify. Until recently, petrol sales were controlled by state firms like Myanma Petroleum Products Enterprise. In 2010, it largely exited the retail business, selling all but 12 of its 260 petrol stations to the […]

Myanmar high on energy

Long-term outlook in oil & gas exploration is intact despite global oil price woes Some players in Myanmar’s oil and gas industry are optimistic that oil and gas exploration and production activities in the country would continue as expected, despite oil prices slumping to five-year lows. The local industry will thrive due to low output […]

Door to open for foreign-owned petrol stations

Foreign companies will soon be invited to enter into a joint venture with state-owned Myanma Petroleum Products Enterprise (MPPE) to distribute and sell petrol and diesel fuel, said an official. “We are going to invite international companies for a joint venture … in the next two or three months,” said U Myin Zaw, a director […]