The Department of Mines (“the Department”) under the Ministry of Natural Resources and Environmental Conservation (“MONREC”) has issued a reminder on the renewal of storage licenses for petroleum and petroleum products. All such licenses will expire on 31 December 2025, and license holders must take timely action to ensure compliance and avoid penalties.
Key Update
All petroleum and petroleum product storage licenses issued by the Department will expire on 31 December 2025. In accordance with Rule 119 of the Petroleum Rules, license holders must file their renewal applications for 2026 at least two months before the expiry date to ensure compliance.
Application Period
The Department will accept renewal applications from 1 November 2025 to 31 December 2025. Applications submitted after the deadline will incur a late fee of 2% of the storage license fee per day, starting from 1 January 2026. Furthermore, under Notification No. 037/2023, dated 31 October 2023, any storage license not renewed within one year of its expiry will be automatically cancelled and removed from the official register.
Required Documents
Applicants must attach the following documents when submitting a renewal application:
- Renewal application form;
- Original storage license issued by the Department;
- Copy of the latest field inspection report;
- Photographs showing the current condition of fuel stations and storage tanks/warehouses.
Practical Impact for Businesses
Businesses engaged in petroleum storage and distribution should plan ahead to ensure timely submission of renewal applications. Missing the renewal deadline will result in a daily late fee at the prescribed percentage of the storage license fee and could ultimately lead to the loss of the license if it is not renewed within the prescribed period. Companies are advised to prepare the required documents in advance and coordinate early with the Department to avoid disruptions in operations and ensure regulatory compliance.
Contact Information
Department of Mines, Ministry of Natural Resources and Environmental Conservation, Office No. 19, Nay Pyi Taw.
For inquiries, please contact the Department at Tel: 067-3409376.
The information provided here is for information purposes only and is not intended to constitute legal advice. Legal advice should be obtained from qualified legal counsel for all specific situations.
