The Myanmar Times
Sunday, 21 December 2014

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The Myanmar Times

Transport industry says costs not being passed on

Fuel prices are rising fast. Last week the price of a gallon of diesel jumped by more than 20 percent from K3300 to K4000 and owners and operators within the transport industry say it won’t be long before those rises are passed onto consumers.

A Myanmar Container Carriers and Transport Services Association spokesperson said on February 25 that government officials have been warning the transport industry not to raise prices since the start of February. The authorities fear such increases will lead to higher commodity prices.

“If we want to raise prices we have to get approval from the authorities. For the time being this means that the increase in diesel prices should not be affecting commodity prices,” the association spokesperson said.

A spokesperson for Kan Kaung Transport, which trucks goods on the Yangon-Mandalay and Yangon-Shwebo routes, said the current fuel price rises were not a big issue for the company.

However, a spokesperson for a trucking company that operates between Yangon and Myingyan in Mandalay Region, said the jump in diesel prices was costing the company an additional K100,000 every trip. He added that the company’s trucks consume about 160 gallons each trip and the company would raise prices as soon as it was able to do so.

The chairman of Bayintnaung Highway Container Transport Service said that the diesel price rise was not increasing commodity prices.

A spokesperson for Aung Bwae trading company, which buys and sells beans and pulses in Bago, Yangon and Mandalay, said competition within the industry kept prices down but when they rose, primary producers would be the hardest hit.

“If prices continue to increase, traders and trucking companies will pass those costs along to both consumers and primary producers, who will get less for the commodities they’re selling.”

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