According to the fuel price list released by the Fuel Import, Storage, and Distribution Supervisory Committee, diesel and petrol prices have decreased by at least 120 kyats per liter compared to the previous week.
As per the prices announced on July 4, the cost per liter is as follows: 92 octane gasoline at 3,015 kyats, 95 octane gasoline at 3,075 kyats, regular diesel at 2,635 kyats, and premium diesel at 3,265 kyats.
In contrast, the prices announced on June 27 were: 92 octane gasoline at 3,140 kyats per liter, 95 octane gasoline at 3,210 kyats per liter, regular diesel at 2,730 kyats per liter, and premium diesel at 3,385 kyats per liter.
This results in a price drop of 125 kyats per liter for 92 octane, 135 kyats per liter for 95 octane, 95 kyats per liter for regular diesel, and 120 kyats per liter for premium diesel.
However, despite this decline, the current prices are still approximately 60 kyats higher than earlier rates. On June 20, the announced prices were: 92 octane at 2,960 kyats per liter, 95 octane at 3,030 kyats per liter, regular diesel at 2,500 kyats per liter, and premium diesel at 3,100 kyats per liter.
Fuel prices had risen for two consecutive weeks before this recent decline.
The fuel prices are expected to remain unchanged for the current week, with the next price adjustment scheduled for July 11. Until then, fuel will be sold at the currently set prices.
On July 1, the Central Bank announced it would sell $33 million to fuel businesses in the foreign exchange market. In June, the Central Bank sold a total of $125 million to fuel businesses, with $30 million sold on June 6, $32 million on June 10, $33 million on June 17, and $30 million on June 23.
Additionally, the Central Bank stated that out of the $10 million announced for sale in the FX Trading market, approximately $0.577 million (5,770,44.25) was sold to companies importing other goods.
