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Fuel Prices Burma (Myanmar)
Part of: GIZ International Fuel Price database
Also see: Burma (Myanmar) Energy Situation
Fuel Pricing Policies
| Local Currency: | MMK |
| Exchange Rate: | 6.312
|
| Last Update: | 2011/05/01 |
According to sources (→App. A2), the Ministry of Energy regulates fuel prices in Myanmar and the Myanmar government has had a monopol on producing, importing and retailing fuels. However, in 2010, the government allowed private companies to act as fuel importers in order to reduce the risk of shortages. Myanmar produces approx. 25% of the diesel needed by itself; the rest is imported (mainly) from Malaysia.
Reports in May 2011 indicate that customers can only buy a maximum of 4 gallons of petrol at K2500 a gallon during one fill-up, as a short term control aimed at ensuring political stability. (http://www.mmtimes.com/2011/business/564/biz56403.html). However, fuel is sold at higher prices at the black market as of March 2011: http://www.burmanet.org/news/2011/03/17/myanmar-times-petrol-prices-soar-25-percent-juliet-shwe-gaung/.
Fuel Prices and Trends
| Gasoline 95 Octane | Diesel | |
|---|---|---|
| in USD* |
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| in Local Currency |
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* benchmark lines: green=US price; grey=price in Spain; red=price of Crude Oil
Fuel Price Composition
Price composition.
According to sources (App.A1), fuel has been subsidised until August 2007. They were then completely removed unexpectedly, leading to a 500% price hike in local currency.
No further information available.
At a Glance
| Regulation-Price-Matrix |
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The website of the Ministry of Energy appears to be offline as of May 2011.
Sources to the Public
| Type of Information | Web-Link / Source |
|---|---|
| Other Information | http://www.burmalibrary.org/docs08/SGB03-09.pdf (A2) |
| Other Information | http://www.energy.gov.mm/index.htm |
| Other Information | http://www.atimes.com/atimes/Southeast_Asia/IH24Ae03.html (A1) |
Contact
Please find more information on GIZ International Fuel Price Database and http://www.giz.de/fuelprices
