Petrol prices are rising in border townships of Myanmar due to the country’s weakening ‘kyat’ currency against stronger foreign currencies, according to local importers.
Price of one litre of octane or diesel is now 4,000 kyats up from
about 3000 kyats a few months ago. Local importers said their cost is
now around 3200 to 3400 kyats per litre.
Myanmar has imported 7,850 tonnes of petroleum oil through its China
and Thailand borders within the first 2 months of this fiscal year.
The majority of the imported fuel comes from Thailand. Muse,
Chinshwehaw, Tachileik, Myeik, Myawaddy are the major border townships
through which oil is imported into the country.
Over 4,400 tonnes of diesel and 382 tonnes of petrol were imported
through Myeik township, and 1334 tonnes of diesel and 1,044 tonnes
through Tachileik township.
Myanmar spent about US$8 million on petrol imports through its
borders. It consumes about 145 tonnes of petrol every day according to
official figures, but there are also illegal oil imports in the border
areas, observers said.
source: Eleven Myanmar
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