Fuel prices blamed for higher high­way bus fares

The Myanmar Times - - Front Page - SAW YI NANDAR news­room@mm­times.com

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.

Photo: Zarni Phyo

Ex­press pas­sen­ger buses parked at the ter­mi­nal.

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