TO ensure that the public can access energy at fair and reasonable prices and to prevent domestic fuel shortages, the Ministry of Electricity and Energy is managing operations, Deputy Minister U Kyaw Naing Win stated.

He stated on the 14th day of the second regular session of the third Pyithu Hluttaw, held on 25 June, in response to a starred question regarding fuel raised by U Ko Ko Thin, the representative for the Kamayut constituency. The question was about a robust strategic petroleum reserve system.

The deputy minister noted that domestic fuel prices are systematically calculated and announced weekly. To combat rising costs, the State stabilizes the market by allocating foreign currency for high-demand fuel types and granting import tax exemptions.

The ministry is adopting policies to ensure economic security for both importers and end-users. “We are implementing a robust strategic fuel reserve system to ensure no domestic fuel shortages and price stability, and we are also coordinating with relevant departments to regulate the import and distribution supply chains,” he said.

TWA/ZN

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