Fuel prices surge sharply

by · Eleven Media Group Co., Ltd

Fuel prices in Yangon have surged, with 92 Ron rising by 840 kyats per litre, 95 Ron increasing by 1,125 kyats per litre, and diesel climbing by more than 1,000 kyats per litre, according to the Fuel Oil Import, Storage and Distribution Supervisory Committee.

Fuel prices are revised weekly, usually on Fridays.

On March 27, the committee announced that fuel prices in Yangon were set at 4,450 kyats per litre for 92 Ron, 4,975 kyats per litre for 95 Ron, 5,450 kyats per litre for diesel and 6,085 kyats per litre for premium diesel.

This indicates an increase of 840 kyats per litre for 92 Ron, 1,125 kyats for 95 Ron, 1,060 kyats for diesel and 1,265 kyats for premium diesel.

On March 20, the committee announced that fuel prices in Yangon were set at 3,610 kyats per litre for 92 Ron, 3,850 kyats per litre for 95 Ron, 4,390 kyats per litre for diesel and 4,820 kyats per litre for premium diesel.

As a result, fuel prices have been rising for two consecutive weeks.

Global oil prices have fluctuated due to conflicts in the Middle East, which has also affected domestic fuel prices.

Likewise, amid the ongoing oil crisis, many countries around the world are taking measures to reduce fuel consumption.

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