How will the energy crash affect Myanmar?
In Myanmar, fuel is now as cheap as water. As global oil and gas values plummet, the price of petrol reached record lows this week, dropping to around MMK 300 per liter for 92 octane fuel, which, Myanmar Times pointed out, is roughly the same as a sm23 new fuel stations opened in 2020, bringing the total to 2,704
According to official statistics released by the Ministry of Electricity and Energy, 23 new fuel stations were granted a licence and opened their doors in the first 2 months of 2020, bringing the total number of such stations to 2,704. Stations are u
Saudi drone attacks impact on local fuel prices
Industry experts are predicting that the recent spike in global fuel prices results in higher petroleum product prices. It is expected that it will make Myanmar fuel imports more expensive. Myanmar imports diesel and petrol from Singapore a
Yangon chief minister vows to block foreign fuel firms
Yangon Region Chief Minister U Phyo Min Thein has said that foreign companies will be prevented from operating fuel stations in Yangon. The reason is because their practices are “not compatible with our business culture,” according to an article
