Fuel prices in Myanmar have declined for two consecutive weeks, while domestic fuel reserves are sufficient for up to 60 days, according to a statement from the Ministry of Energy.

The Supervisory Committee on Fuel Import, Storage, and Distribution released updated reference prices on May 1 for Yangon and other states and regions, showing a drop compared to the previous week.

In Yangon, the reference retail prices on May 1 were as follows: Octane 92: 4,515 kyats per liter, Octane 95: 4,670 kyats per liter, Diesel: 5,275 kyats per liter, Premium diesel: 6,455 kyats per liter.

These figures mark a decrease from the previous week’s prices, which stood at 4,668 kyats for Octane 92, 4,909 kyats for Octane 95, 5,752 kyats for diesel, and 7,012 kyats for premium diesel per liter.

The price reductions amount to 153 kyats per liter for Octane 92, 239 kyats for Octane 95, 477 kyats for diesel, and 557 kyats for premium diesel.

Similar downward trends were recorded in major cities including Nay Pyi Taw, Mandalay, Bago, Magway, Dawei, Monywa, Pathein, Myitkyina, Sittwe, Hpa-An, Mawlamyine, Lashio, and Taunggyi.

Fuel prices are typically adjusted weekly, with revisions announced on Fridays.

Despite fluctuations in global fuel prices, the government stated it is working to prevent sharp increases in domestic rates through close monitoring and coordination. Authorities also confirmed that national fuel reserves remain stable, with sufficient supply for 60 days.

Consumers have been advised not to panic-buy or stockpile fuel unnecessarily, but instead to purchase only what is needed to ensure efficient distribution across sectors.

The ministry also noted that certain individuals are spreading misinformation and false rumors through foreign media outlets in an attempt to disrupt stability in fuel distribution. However, due to public cooperation, fuel supply and distribution across the country remain stable, with normal operations continuing at fuel stations.