The authority will review vehicle imports due to trade deficit, dollar appreciation, rising fuel oil price and fuel oil imports, according to the Vehicle Import Supervisory Committee.
According to the State-owned newspapers, Vehicle Import Supervisory Committee held a coordination meeting led by Union Minister for Commerce Dr Than Myint, chair of the Vehicle Import Supervisory Committee, at the commerce ministry in Nay Pyi Taw on September 3.
According to the figures from the Road Transport Administration Department, there are 7,011,602 registered vehicles in Myanmar—6,942,125 private-owned vehicles and 69,477 government-owned vehicles, until July, 2017.
A total of 6,473,096 gas-on-line vehicles, 503,500 diesel-used vehicles and 11,160 CNG vehicles have registered at the Road Transport Administration Department.
In 2017, 8,225 brand-new vehicles were sold out. Until June, this year, 6,841 brand-new vehicles were sold out, according to a report by ASEAN Automotive Federation.