The price of 92 Ron increased by Ks60 per litre in Yangon and it reached Ks2,765  per litre, according to the Supervisory Committee on Import, Storage and Distribution of Fuel Oil.

According to the Supervisory Committee on Import, Storage and Distribution of Fuel Oil, on February 2, a litre of 92 Ron cost Ks2,765, a litre of 95 Ron cost Ks2,890, a litre of diesel cost Ks2,555 and a litre of premium diesel cost Ks2,600.

The fuel oil prices began to change on January 26 and a litre of 92 Ron cost  over Ks2,700.

On January 26, a litre of 92 Ron cost Ks2,705, a litre of 95 Ron cost Ks2,845, a litre of diesel cost Ks2,450 and a litre of premium diesel cost Ks2,515. The prices remain the same in recent days but increased again on February 2.

Before January 26, a litre of 92 Ron cost Ks2,585, a litre of 95 Ron cost Ks2,720, a litre of diesel cost Ks2,430 and a litre of premium diesel cost Ks2,495. Therefore, within over a week, the price of 92 Ron increased by Ks180 per litre.

The prices are on the rise again as the prices of Singapore-based Mean of Platts Singapore (MOPS) become higher, according to the Supervisory Committee on Import, Storage and Distribution of Fuel Oil.

 Although there is increase in fuel price, it is not needed to queue at the fuel stations to buy fuel, according to taxi drivers.

“We can buy fuel without queuing at the fuel stations,” said a taxi driver. At the end of December 2023, the vehicles were seen queuing to buy fuel at the fuel stations.

During this period, it was seen that a ban was announced at gas stations, which did not allow vehicles equipped with CNG to buy fuel.