Magwe Region will soon be refining crude oil produced from its hand-dug wells into gasoline, with certain details such as water allocation to be settled before refining can commence. Magwe’s Minister of Natural Resources, Environment, Electricity and Energy U MyintZaw said arrangements were being made, including giving permission to three companies – Power 95, Myanma […]
Petrol prices anchored by strengthening kyat: officials
May 17, 2019 by
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 […]
Ministry plans to stabilise fuel oil price
July 4, 2018 by
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 […]
Yangon government plans to buy, store fuel in attempt to control prices
March 20, 2018 by
As domestic fuel prices are expected to rise faster than global prices, the government will hedge against price volatility by buying and storing petrol onshore as demand rises during the coming fiscal year, said Yangon Chief Minister U Phyo Min Thein. Fuel, gasoline and diesel are vital for facilitating the flow of trade in Myanmar. […]
India Exports Diesel to Myanmar; Aims for Stronger Trade to Contain China
September 8, 2017 by
India has been bidding to strengthen socio-economic ties with Myanmar as part of its ‘Act East’ policy but its latest overtures are being viewed as tactics largely aimed at containing Chinese influence. NEW DELHI (Sputnik) — India has dispatched the first consignment of diesel to Myanmar ahead of Prime Minister Narendra Modi’s two-day official visit […]
Once controversial oil refinery to open in Yunnan this month
June 13, 2017 by
A petrochemical facility near Kunming, once the source of grave public concern, is preparing to open for business later this month. Owned and operated by PetroChina, the factory 28 kilometers west of the provincial capital in Anning (安宁), is the first of its kind in Yunnan, according to a company press release. The refinery will […]
Burmese Gas Firm Official Confirms Plans for Doubling of CNG Price
September 24, 2014 by
YANGON — The price of compressed natural gas (CNG), which is used in almost all public buses and many taxis in Yangon, will rise by 100 percent, but likely not until sometime next year, an official from the Myanma Oil and Gas Enterprise says, denying local media reports that the price hike would take place […]
