Myanmar’s military government has denied the country is suffering from a shortage of fuel after rumors about low supplies of gasoline and diesel led to panic buying and long queues at service stations in several cities.

Some gasoline stations in Yangon shut down Tuesday after exhausting their supplies and several motorists said they were restricted in the amount they could purchase at the legally fixed price of 1,975 kyats ($1.07) for one liter of gasoline and 2,160 kyats ($1.17) for one liter of diesel.

The Ministry of Electricity and Energy denied there was a shortage, saying unfounded rumors and inadequate infrastructure for retail sales were to blame.

The ministry sent a statement to journalists saying that Myanmar has sufficient supplies both in storage tanks and in two unloaded vessels berthed at the main port for Yangon, the country’s biggest city.

Credit:  Federal News Network