Myanmar junta says it has 60-day fuel reserve amid global supply fears

Myanmar junta says it has 60-day fuel reserve amid global supply fears

Myanmar’s quasi-civilian junta says it has built fuel reserves sufficient for about 60 days and is taking steps to secure additional imports amid global supply concerns that are raising fears of shortages and price pressure, according to state media.

A notice published in the state-run Global New Light of Myanmar on 26 April said officials were monitoring domestic fuel sales and distribution while implementing measures to maintain supply stability across the country.

The report said reserves had been accumulated to cover roughly two months of demand. Authorities were also negotiating with partner countries to ensure continued imports of fuel and petroleum products.

State media linked the measures to volatility in global energy markets and concerns over disruption in the Strait of Hormuz. Rising international prices and geopolitical tensions were also cited as risks to domestic availability.

The announcement suggests growing concern within the junta about the economic impact of a sustained fuel shock in a country already grappling with inflation, a weak currency, and conflict-related disruption.

Authorities said they were supervising fuel distribution and seeking to prevent market instability. Myanmar relies heavily on imported fuel, leaving it exposed to external supply disruptions and exchange-rate fluctuations.

The latest statement follows earlier government efforts to manage fuel demand through administrative measures, including promoting public transport and imposing restrictions to reduce consumption.

While the reserve was presented as evidence of preparedness, the durability of supply will depend on global market conditions, access to foreign currency, and the state’s ability to manage distribution networks.

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