Fuel prices blamed for higher highway bus fares
Highway bus companies say the steady rise of fuel prices during the past three months has triggered increases in their fares as well as consumer goods and food prices.
THE steady rise of fuel prices in the past three months have triggered a slight rise in fares on highway buses, according to employees of bus lines at Aung Mingalar Highway Bus Station on the outskirts of Yangon.
Fuel prices set by the Myanmar Fuel Oil Importers and Distributors Association are: K1010 (US$0.65) for a litre of diesel, K1020 for a litre of premium diesel, K980 for a litre of regular gasoline (92 octane), and K1030 for a litre of premium gasoline (95 octane).
“Ticket prices have been raised slightly because of higher fuel prices,” said a spokesperson for the Shwe Mandalay bus line at the bus station. “We have raised ticket prices between K500 and K1000 per ticket, depending on the destination.”
An employee of the Shwe Sin Settkyar express line confirmed the increase in fare prices.
“Ticket prices were raised between K500 and K2000 on September 2. The ticket price on every route of Man Yar Zar express is increasing,” the employee said.
Small and medium companies said higher fuel prices have upset businesses that depend on fuel, such as cargo trucks and taxis.
There has also been a slight increase in the prices of food and other consumer goods.
Machine oil importers said the prices of machine oil on the domestic market depend on world oil prices, the exchange rate and transportation charges.
U Min Hlaing, a taxi driver, said that the rise in fuel prices is bad news for him.
“Although oil prices are rising, we cannot charge too much from passengers, not even an extra K500. The prices of other goods have also increased and will not likely return to their previous levels, even if fuel prices decline,” he said. “One litre of regular gasoline was nearly K550 in 2016 but now costs K980,” he added.
Express passenger buses parked at the terminal.