BriefingAsia-Pacific

Burmese Regime’s Inexplicable Fuel Price Hike Sparks Protests

Burmese Regime’s Inexplicable Fuel Price Hike Sparks Protests

BANGKOK, Thailand -- While desperate people braved pro-government thugs on the streets of Rangoon to protest economically devastating fuel price rises, Burma's chief energy planner was in Singapore spouting fantastic figures about his country's oil and gas wealth.

Burma has reserves of more than 600 million barrels of oil and almost 16 trillion cubic feet of gas, claimed U Soe Myint last week.

Selling Abroad, Shortages at Home

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