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 […]