Fuel Prices Burma (Myanmar)

From energypedia

Part of: GIZ International Fuel Price database
Also see: Burma (Myanmar) Energy Situation

Fuel Pricing Policies

Local Currency: MMK
Exchange Rate: 6.312


Last Update: 2011/05/01

According to sources (→App. A2), the Ministry of Energy regulates fuel prices in Myanmar and the Myanmar government has had a monopol on producing, importing and retailing fuels. However, in 2010, the government allowed private companies to act as fuel importers in order to reduce the risk of shortages. Myanmar produces approx. 25% of the diesel needed by itself; the rest is imported (mainly) from Malaysia.

Reports in May 2011 indicate that customers can only buy a maximum of 4 gallons of petrol at K2500 a gallon during one fill-up, as a short term control aimed at ensuring political stability. (http://www.mmtimes.com/2011/business/564/biz56403.html). However, fuel is sold at higher prices at the black market as of March 2011: http://www.burmanet.org/news/2011/03/17/myanmar-times-petrol-prices-soar-25-percent-juliet-shwe-gaung/.

Fuel Prices and Trends

Gasoline 95 Octane Diesel
in USD*

in Local Currency

* benchmark lines: green=US price; grey=price in Spain; red=price of Crude Oil

Fuel Price Composition

Price composition.

According to sources (App.A1), fuel has been subsidised until August 2007. They were then completely removed unexpectedly, leading to a 500% price hike in local currency.

No further information available.

At a Glance

Transparency of
Price Composition
Transparency of Pricing
Mechanism / Monitoring
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The website of the Ministry of Energy appears to be offline as of May 2011.

Sources to the Public

Type of Information Web-Link / Source
Other Information http://www.energy.gov.mm/index.htm
Other Information http://www.atimes.com/atimes/Southeast_Asia/IH24Ae03.html (A1)
Other Information http://www.burmalibrary.org/docs08/SGB03-09.pdf (A2)


Please find more information on GIZ International Fuel Price Database and http://www.giz.de/fuelprices

This is a living document. If you have any comments or suggestions, please feel free to contact us: Armin.Wagner@giz.de