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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 […]

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 […]

Golden Myanmar Airlines breaks jet fuel monopoly

Myanmar has opened the door to the first private company to operate an aviation fuel business, potentially ending a state-backed monopoly in the fuel distribution market. Yangon-based Golden Myanmar Airlines Public Co received permission from the Myanmar Investment Commission (MIC) on April 5 to take part in the “importation, storage, distribution, transportation and into plane […]

Puma Energy threatens legal action on trademark infringement

Singapore oil company Puma Energy is officially prohibiting the use of its trademark, name and logo in Myanmar after a local petrol station began branding itself as Puma Power and displaying a logo that is almost identical to the former’s in the local market. The notice was published by Puma Energy’s lawyer on the company’s […]

Domestic airlines will not raise airfares yet despite rising fuel prices

Despite rising global oil prices, domestic airlines have no plans yet to raise airfares to compensate for higher jet fuel costs. They said this will help encourage domestic air travel while the number of foreign travelers within the country is still low. “We haven’t increased our fares even though fuel costs have risen. We have […]

Government seeking solution to tackle fuel price hike: Spokesperson

The government is working to deal with rising fuel oil prices as it increased transportation costs and has an impact on commodity prices, said Zaw Htay, Spokesperson of Myanmar President’s Office, at a press conference held in the President House in Nay Pyi Taw on October 5. “Transportation costs have increased by 10 per cent […]

Fuel prices, protectionism hobble Myanmar airline industry

Myanmar’s once lucrative airline industry is struggling to stay afloat with many carriers already halving their fares to draw more passengers. A shortage of modern infrastructure and high import bill is driving up the price of jet fuel, making it exceedingly difficult for many local airlines to keep their fleets airborne. Already, the Department of […]

Parami Energy Readies Imported LPG for Sale as Demand Rises

The government is aiming to replace the use of electricity with Liquefied Petroleum Gas (LPG) as a fuel for household cooking. If widely used, LPG can reduce the use of firewood as well as electricity when cooking, which will help to conserve power as well as the environment. Last year, the Ministry of Electricity and […]

IOC to export jet fuel to Myanmar, explore LPG marketing deal

Indian Oil Corporation (IOC) will start exporting aviation turbine fuel (ATF) to Myanmar from next month. The State-owned oil major is also exploring the prospects of LPG exports and will open an office in Yangon. According to IOC sources, the company will export 12,000-14,000 tonnes of ATF and an equivalent amount of diesel to Myanmar […]

Firms asked to bid for aviation contracts

Subscribe to our tender alert mailing list Minister for Planning and Finance Kyaw Win says the government will give the green-light to entrepreneurs for the distribution of aviation fuel at airports, including Yangon International Airport. He said: “Aviation fuel is distributed at Yangon International Airport under a joint venture with Puma. Other firms can run […]