TODAY

Petrol Price increases in domestic market due to unstable currency exchange rate

THE PRICE of petrol has increased in the local market due to the unstable currency rate, according to fuel filling stations in Yangon.

Starting from November 25, the price of some kinds of petrol has risen by about Ks50 per gallon. Over a two-week period, the petrol price increased by K10 per liter.

The Crude oil price per barrel continued to hover around US$47 in the world market these days. But the exchange rate rose to Ks1,345 per US dollar on 25 November from Ks1,295 on 11 November.

Experts estimated that the price of petrol is likely to increase in the future because of the rising dollar price.

According to the filling stations, the retail price of 92 octane petrol on November 25 increased to Ks2,880 per gallon (Ks640 per litre) from Ks2,835 on November 11, while the price of octane rose form Ks3060(K680 per litre) to Ks3,105) but the price of high diesel remains the same.

Myanmar-Thailand border trade value increases by almost $140m

THE value of border trade between Myanmar and Thailand this year rose to $790.343million form $650.781million the previous year, an increase of nearly $140million, according to the Ministry of Commerce.

Myanmar conducts export and import business with Thailand through Tachilek, Myawady, Kawthaung and Myeik, Nabulae/Hteekhee and Maytaung border trade camps.

The country imports personal goods, raw materials and capital goods from her neighbor. The export items of Myanmar include animal products, mineral resources, industrial goods and agriculture products.