The price of cooking oil consumed by the public in the market has risen, reaching 12,000 kyats per viss of oil. Before the seizure of power, the price of oil was only about 3,000 per viss.
The Military Council has set the base cooking oil wholesale reference price at 4155 kyats per viss. Pea oil has reached about 17,000 kyat per viss. However, due to the rampant military council troops in the areas where soybean oil is produced, real bean oil is rare. Now that oil prices have gone up, we can’t sell things that are fried and fried in oil. Housewives have a headache. In some townships in Yangon Region, the military council is selling cooking oil at 4,400 kyat per viss, and people are lining up to buy it.
Edible oil has been purchased and imported annually from abroad for ages, and is currently imported worth more than 600 million US dollars. The military council is reducing the import of edible oil because they no longer have foreign currency, so the prices are rising.