May 12, 2022

Fact check: Is Myanmar facing a fuel shortage?

Fact check

oi-Deepika S

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Posted: Wednesday April 20th 2022, 0:59 AM [IST]

Google One India News

Bankon, April 20: Myanmar’s government has denied a fuel shortage after rumors of low petrol and diesel supplies prompted panic buying and long queues at gas stations in several cities.

Representative picture

The clarification comes after some petrol stations in Yangon closed after running out of supplies and several motorists said they were limited in how much they could buy at the legally set price of 1,975 kyats ($1.07) for a liter of gasoline and 2,160 kyats ($1.17) for a liter of diesel.

The Ministry of Electricity and Energy denied there was a shortage, saying unfounded rumors and inadequate infrastructure for retail sales were to blame.

The ministry said in a statement sent to reporters that Myanmar had sufficient supplies both in storage tanks and in two unloaded vessels moored at the main port in Yangon, the country’s largest city.

The ministry said it was working to mitigate panic buying and retail sales would continue as usual.

Myanmar has suffered from a cash crunch since the military seized power last year, toppling the elected government of Aung San Suu Kyi and triggering financial sanctions from Western governments. The economy, already suffering from the coronavirus pandemic, has been further strained by public resistance to the military takeover, which has led to what some UN experts have called of civil war.

Fact check

Claim

Myanmar faces fuel shortages

Conclusion

Myanmar has sufficient supplies, speculative reports,

Article first published: Wednesday, April 20, 2022, 0:59 [IST]