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Fuel price caps steady as crude heating up

| Publication date 14 June 2016 | 07:21 ICT

Fuel price caps steady as crude heating up

The Ministry of Commerce yesterday announced revised price caps on fuel sold at retail petrol stations throughout the Kingdom from June 12-21, setting a price ceiling of 3,450 riel per litre on regular gasoline, 3,500 riel per litre on premium gasoline and 3,150 riel per litre on diesel.

The revised prices, calculated according to a fuel pricing mechanism adopted in March, left the cap unchanged on gasoline while making minor adjustments to premium and diesel. Brent crude prices have nearly doubled since hitting 10-year record lows in February and were trading at $50.95 a barrel on Friday.

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