October 26, 2016

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Price of 92 octane higher than that of diesel in Yangon market

A worker fills a car with fuel at a filling station in Yangon on 26 August.
A worker fills a car with fuel at a filling station in Yangon on 26 August.

The price of 92 octane fuel is higher than that of diesel in the Yangon market, even though the imported price of octane is lower than that of diesel.
During 10th to 14th October, the price of imported diesel was Ks598 per liter, whereas that of Octane was Ks586. However, the price of 92 octane is Ks620-630, whereas the price of diesel is Ks610-625 per liter, said Ko Than Win, a driver.
The price tag at a state-owned fuel oil station on Bayintnaung Road, Hlaingthaya Township mentions that the prices are Ks2,550 per gallon of diesel, Ks2,500 per gallon of fuel oil and Ks2,920 per 92 octane on 22nd October.
From the end of 2015 to the end of May 2016, the import price of diesel per liter was lower than the liter price of 92 octane. Starting from early June, the import price of diesel was higher than that of 92 octane. A similar price is offered during the first and second week of October. However, the diesel price in Yangon market is seen to be lower than 92 Octane, unlike the import price.
Those who are running the vehicles with diesel are happy with the lower price. However, the owners of the cars which use octane petrol are not satisfied with a high price.

 

Khin Saing

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