CNI News
21 December 2023
The Central Bank of Myanmar sold 9.72 million US dollars to the companies that import fuel on 18th December.
So, difficulty in purchasing fuel in the domestic market will be resolved to an extent, said businessmen.
There were difficulties purchasing fuel in Regions and States including Yangon Region last week and incidents of fuel shortages also occurred.
Necessary foreign currency to import fuel is being sold at the exchange rate designated by the Central Bank reportedly. However, businessmen who import fuel and the government need to honest so as not to make waiting in line to buy fuel and fuel shortage, U Thet Zaw, an economist analyst, told CNI News.
" I know the Central Bank sold over 9 million US dollars but I don't know exactly for diesel or gasoline. To the best of my knowledge, the bank sold for 35 percent of fuel imported. You must find US dollars by yourself for 65 percent. Businessmen need to be honest. At the same time, the government needs to carry out decidedly. Otherwise, people have to wait in line to buy fuel again. Moreover, a social class that wait in line to re-sell fuel will arise." he said.
While fuel is being filled in the fuel tank of cars
Although fuel can be regularly bought in Yangon Region, Mon State and some regions and states at present, fuel can be bought in a limited amount in Ayeyarwady Region. Moreover, the price of fuel is also going up and diesel is paid 4,000 kyats per liter reportedly.
Moreover, it was convenient to buy fuel for agricultural reasons if a letter of recommendation could be shown, U Thein Aung, chairman of the Farmers Development Association, told CNI News.
" A few days ago, it was difficult to buy fuel. Now, it's more convenient. But it's still a little difficult. But if you have a letter of recommendation, you can buy fuel more easily. Those who are really in need of fuel for the agriculture are given priority. But sometimes, there is a short of fuel. Sometimes, fuel stations sell fuel worth 3,000 kyats and sometimes, worth 5,000 kyats> Some stations sell fuel worth 5,000 kyats each day. If you have a letter of recommendation, you can buy a gallon of gasoline. If you buy with a letter of recommendation, you can buy 10 gallons of diesel at some stations. But some stations sell five gallons. In comparison with a few days ago, it's more convenient. But we are still waiting to get fuel." said U Thein Aung.
While fuel is being filled in the fuel tank of cars
Singapore is exporting about 5 metric tons of fuel necessary for Myanmar every month and negotiations have been made to import 27 oil tankers this month, according to the working committee for fuel import, storage and distribution.
At present, in Yangon, diesel price is 2,185 kyats per liter, and premium diesel, 2,240 kyats per liter, and 92 gasoline price is 2,245 kyats per liter and 95 gasoline, 2,545 kyats per liter.
The fuel prices in other regions and states are more expensive than those in Yangon.
