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Government follows market in lowering fuel price cap

Government follows market in lowering fuel price cap

The government released its latest revision of its fuel price caps yesterday, trimming the cap on petrol in response to lower global oil prices.

According to the Ministry of Commerce, the price ceiling on regular petrol was reduced to 3,500 riel per litre, from 3,600 riel, while the cap on premium was set at 3,600 riel per litre, from 3,650 riel.

Diesel prices remained unchanged at 3,250 riel per litre.

The government updates the fuel price cap every 10 days to match movements in international oil prices. The latest revision will remain in effect until July 1.

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