Gasoline prices have risen by over 700 to 900 kyats per litre, while diesel prices have increased 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 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.

In comparison, last week’s prices were 2,830 kyats per litre for 92 Ron, 2,930 kyats per litre for 95 Ron, 3,205 kyats per litre for diesel and 3,560 kyats per litre for premium diesel.

This indicates an increase of 780 kyats per litre for 92 Ron, 920 kyats for 95 Ron, 1,185 kyats for diesel and 1,260 kyats for premium diesel.

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.