THE consumers have the chance to complain about overchargingfor fuel oil which is sold at a subsidizedrate under the public distribution system, the Ministry of Commerce stated.

Starting from 22 September,the total volume of fuel oil that aresold at very cheap rates is equivalentto the amount that the oilimporters directly purchased theforeign currency from the CentralBank of Myanmar, intending to offer cheaper rates through the related associations.

This scheme is being implementedin Yangon, Mandalay andNay Pyi Taw cities and Taninthayi,Shan and Rakhine statesand Sagaing, Bago, Magway andAyeyawady regions at fairer prices.The addresses of those government-sponsored petrol station

chains have been posted on theofficial website of the Ministry ofCommerce and the consumers can buy the fuel oil at the set pricethrough those stations.

If any overcharging is found,the consumers can complainabout it through the contact numbers09664075683, 09664596327,09687635943 and 09676320826 ofthe National Trade FacilitationCommittee, (01 250270) of theYangon Region Consumer Affairs Department and 09421006794 ofthe Myanmar Petroleum TradersAssociation. The fuel oil waspegged at around K590 per litrefor Octane 92, K610 for Octane95, K590 for diesel and K605 forpremium diesel in early February2021 in the domestic retail market.Then, it remarkably climbedup to K1,235 for Octane 92, K1,275for Octane 95, K1,230 for dieseland K1,249 for premium dieselin September-end. There is a remarkableprice gap of K600 perlitre, according to the local fueloil market.

The devaluation of the localcurrency is the main reason forthe oil price hike in the domesticmarket. At present, a dollaris worth about K2,200-K2,700in the black market. Normally,Myanmar yearly imports 600,000tonnes of fuel oil from externalmarkets, the Ministry of Commercestated.

– NN/GNLM

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