MoeMaKa Reporter (Yangon)
February 28, 2011
In Burma, merchants and travelers complainingly said that prices of goods and transport charges were rising up, as the domestic price of petrol and diesel went up by over 30%, because of the rise in the price of the fuel in the world. Commodity prices in Yangon and other towns are now shooting up for the high costs of transport, affected by the restriction called ‘ASEAN STANDARD’, which is not allowed trucks to exceed permitted payload and imposed recently by the authority concerned.
During this week, the price of diesel reached 4000 kyat (over US $4) from 3800 kyat, and then it rose up to 4200 kyat (over US $5), in next few days. The petrol price, similarly, went up more 500 kyat (around US $0.50) than its last week’s price and reached 3900 to 4000 kyat (around US $5) in black market.
Although gasoline is being sold at the price of 2500 kyat per gallon, a price fixed by the regime in private stations, the owners of automobiles and motorcycles have to wait for several hours to get a permit to buy it with that price. Thus the work queuing up for petrol and reselling it in black market becomes business in Burma. In the illegal trade, the price of petrol went up to 3900 kyat (over US $4).
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