YANGON: The Ministry of Electricity and Energy announced on Friday (May 8) evening that domestic fuel prices have stabilised and decreased since April 10.
Myanmar is a country that mainly imports fuel for domestic consumption, and fuel purchases are based on the Mean of Platts Singapore (MOPS) prices in the Southeast Asian region.
Currently, due to regional conflicts and situations, there are fluctuations in MOPS prices, but due to the government's measures and the cooperation of the Myanmar Motor Fuel Importers, Distributors and Traders Association (MPTA), domestic motor fuel prices have stabilised and decreased since April 10.
In addition, to regulate the prices of basic food items transported by diesel-powered vehicles, the import of regular diesel fuel HSD (500 PPM) has been exempted from customs duty, special goods tax, commercial tax, and advance income tax (2 per cent) from April 1, 2026.
Due to these tax exemptions, the price of regular diesel is about 1,020 kyats cheaper per liter compared to premium diesel.
The Ministry of Electricity and Energy announced that the state is continuing to plan for a continuous supply of fuel and sufficient reserves, and is continuously monitoring and regulating the supply so that the public can purchase and use it at affordable prices. - Eleven Media/ANN
