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Burma leaders double fuel prices | Burma leaders double fuel prices |
(10 minutes later) | |
Burma's government has sharply raised fuel prices, an unannounced move that has left some workers stranded. | |
Prices for petrol and diesel at government-run stations have doubled, while the price of compressed natural gas for buses has risen five-fold. | |
There has been no mention of the price increase in official media, but a petrol station manager said the order came from the Energy Ministry. | |
Many buses did not run on Wednesday and those that did charged higher fares. | |
One bus commuter in the capital, Rangoon, told the French news agency AFP that he only had enough money to travel to work, not back. | One bus commuter in the capital, Rangoon, told the French news agency AFP that he only had enough money to travel to work, not back. |
"It is a big shock for us," he said. "I don't know how to get back home this evening." | "It is a big shock for us," he said. "I don't know how to get back home this evening." |
The price rise also kept some taxis off the streets. | The price rise also kept some taxis off the streets. |
"We haven't been given any instructions about how much we should charge. I just don't know what to do and decided not to run today," one driver told Reuters news agency. | "We haven't been given any instructions about how much we should charge. I just don't know what to do and decided not to run today," one driver told Reuters news agency. |
The price of petrol rose from 1,500 kyat (US$1.17) to 2,500 kyat (US$1.95) per gallon, while diesel rose from 1,500 kyat to 3,000 kyat per gallon. | The price of petrol rose from 1,500 kyat (US$1.17) to 2,500 kyat (US$1.95) per gallon, while diesel rose from 1,500 kyat to 3,000 kyat per gallon. |
It is the first such rise in almost two years in the military-ruled country. | It is the first such rise in almost two years in the military-ruled country. |
Fuel is rationed in Burma and there is a limit to the amount cars and taxis can buy each month without resorting to the much more expensive black market. | Fuel is rationed in Burma and there is a limit to the amount cars and taxis can buy each month without resorting to the much more expensive black market. |
Analysts say the Burmese economy has suffered from years of mismanagement. | Analysts say the Burmese economy has suffered from years of mismanagement. |
Sanctions imposed by the European Union and the United States over the ongoing detention of leader Aung San Suu Kyi are also having an effect. | Sanctions imposed by the European Union and the United States over the ongoing detention of leader Aung San Suu Kyi are also having an effect. |
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