Search

Search form

Logo of Phnom Penh Post newspaper Phnom Penh Post - Fuel prices up 50 riel

Fuel prices up 50 riel

Fuel prices up 50 riel

The government issued its second scheduled recalculation of the fuel-pricing mechanism it rolled out on March 15, increasing the price cap on gasoline by 50 riel.

The revised ceilings, which came into effect last Friday, require fuel retailers in the Kingdom to sell gasoline at or below 3,200 riel for regular and 3,300 per litre for premium.

Diesel, however, remained unchanged at 2,750 riel per litre, the Ministry of Commerce said.

The pricing formula is calculated on the average Means of Platts Singapore (MOPS) benchmark, adding in taxes, VAT and local operating costs. The next adjustment is due on April 11.

RECOMMENDED STORIES

  • Breaking: PM says prominent human rights NGO ‘must close’

    Prime Minister Hun Sen has instructed the Interior Ministry to investigate the Cambodian Center for Human Rights (CCHR) and potentially close it “because they follow foreigners”, appearing to link the rights group to the opposition Cambodia National Rescue Party's purported “revolution”. The CNRP - the

  • Rainsy and Sokha ‘would already be dead’: PM

    Prime Minister Hun Sen on Sunday appeared to suggest he would have assassinated opposition leaders Sam Rainsy and Kem Sokha had he known they were promising to “organise a new government” in the aftermath of the disputed 2013 national elections. In a clip from his speech

  • Massive ceremony at Angkor Wat will show ‘Cambodia not in anarchy’: PM

    Government officials, thousands of monks and Prime Minister Hun Sen himself will hold a massive prayer ceremony at Angkor Wat in early December to highlight the Kingdom’s continuing “peace, independence and political stability”, a spectacle observers said was designed to disguise the deterioration of

  • PM tells workers CNRP is to blame for any sanctions

    In a speech to workers yesterday, Prime Minister Hun Sen pinned the blame for any damage inflicted on Cambodia’s garment industry by potential economic sanctions squarely on the opposition party. “You must remember clearly that if the purchase orders are reduced, it is all