THE Ministry of Energy oversees the refining and distribution of crude oil extracted domestically through government-supervised refineries. However, as domestic production meets only around three per cent of national demand, the majority of petrol required is imported from abroad using foreign currency.
The Ministry of Energy is actively promoting exploration, extraction, and production of crude oil, as well as the development of refineries, to increase domestic petrol output for the nation. During this process, the state ensures that imported petrol is sold to the public at affordable prices through the application of a fixed percentage subsidy. As a result, petrol prices in Myanmar remain comparatively lower than in other ASEAN countries.
Sources, including the Ministry of Foreign Affairs of Brunei and globalpetrolprices.com for Myanmar and other countries, corroborate this information. Source: Information has been compiled from the Ministry of Foreign Affairs of Brunei as well as from www.globalpetrolprices.com for Myanmar and other countries.
The Ministry of Energy supervises and regulates the supply of petrol to ensure that the public truly benefits from state-supported pricing, that the quality and quantity of distributed petrol meet standards, that appropriate taxes are collected for the state, and that national energy security is maintained.
To achieve these objectives, the Ministry has implemented the National Petroleum Laboratory and Online Monitoring Centre in Nay Pyi Taw for the 2022-2023 financial year. This system allows real-time monitoring of petrol importation, storage, transportation, and distribution to end users, as well as quality inspections and stockpiling across regions and states.
The Ministry has also coordinated closely with private entrepreneurs and organizations to avoid operational difficulties, implementing step-by-step plans and providing certain concessions where necessary.
Currently, the Ministry of Energy is working to fully operationalize the National Petroleum Laboratory and Online Monitoring Centre by the end of 2025. Private entrepreneurs and organizations engaged in the import, storage, transport, and distribution of petrol are hereby notified and urged to cooperate and participate in this initiative.
Ministry of Energy
