The price of 92 Ron jumped by over Ks100 per litre in Yangon and it reached Ks2,705  per litre, according to the Supervisory Committee on Import, Storage and Distribution of Fuel Oil.

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.

In recent days, the prices stood at 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, the prices jump to Ks120 for a litre of 92 Ron, Ks125 for a litre of 95 Ron, Ks20 each for a litre of diesel and a litre of premium diesel.

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, there is no need to line up 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, there were vehicles 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.