Logo of Phnom Penh Post newspaper Phnom Penh Post - Kingdom’s fuel prices fixed despite US-Iran row

Kingdom’s fuel prices fixed despite US-Iran row

Content image - Phnom Penh Post
The retail price of petrol in the Kingdom is to not exceed 3,750 riel per litre at fuel stations, with diesel no more than 3,650 riel. Hin Pisei

Kingdom’s fuel prices fixed despite US-Iran row

Increase tensions between the US and Iran, one of the world’s largest oil producers, could cause prices to fluctuate, the Ministry of Commerce warned on Thursday.

However, the ministry said fuel prices in the Kingdom will stick to those announced every 15 days, which are based on calculations made on the international price of oil to ensure the Kingdom’s economic stability.

The retail price of petrol in the Kingdom is to not exceed 3,750 riel per litre at fuel stations, with diesel no more than 3,650 riel, the Ministry of Commerce announced on January 2. New prices will be announced on January 15.

A ministry letter notifying all petrol retailers in Cambodia of the situation on Thursday said current international market conditions meant the price of fuel could become unpredictable.

President of the Cambodia Freight Forwarders Association (Camffa) Sin Chanthy said the warning was important for the transport sector as a rise in fuel prices meant increased costs.

When the price of fuel is high, he said, it not only results in an increase in the price of goods, but also reduced activity in the transport sector.

“This notice will not only help the transport sector in Cambodia, but also the public,” Chanthy said.

He said state intervention was playing an important role in boosting Cambodia’s economic growth, with lower transport costs enhancing the Kingdom’s competitiveness.

Cambodia Rice Federation president Song Saran said that while the sector relied mostly on electricity, it could still be affected by a rise in fuel prices.

MOST VIEWED

  • Chikungunya hits 15 provinces, says gov’t

    Ministry of Health spokeswoman Or Vandine said on Thursday that the chikungunya outbreak in the Kingdom has spread to 15 provinces. Some 1,700 people are now suspected to have the disease. Vandine urged people to prevent its further spread by eliminating shelters for the Aedes aegypti mosquitoes

  • Body of woman killed in Bangkok returns

    The Cambodian embassy in Thailand is working to repatriate the body of a casino dealer who was shot dead in Bangkok on Monday night. Ministry of Foreign Affairs and International Cooperation spokesman Kuy Kuong told The Post on Wednesday that officials are preparing paperwork to

  • Gov’t exempts visa A and B holders from Covid fees

    Airline passengers who are diplomats and officials of international organisations holding Type A and B visas for travel to Cambodia are exempted from paying Covid-19 testing fees, said the Ministry of Health in its latest adjustment of rules on Wednesday. Health Minister Mam Bun Heng

  • All inbound flights set to face added scrutiny

    Ministry of Health spokesperson Or Vandine said on Monday that the ministry is monitoring all inbound flights, after it was announced that only those from Malaysia and Indonesia will be temporarily cancelled from August 1. Vandine said on Monday that the two countries were identified as

  • Flights from Indonesia, Malaysia cancelled

    A Ministry of Health official has warned of the possibility of Covid-19 spreading through community transmission after the total infected cases in the Kingdom rose to 225. Ministry spokeswoman Or Vandine told reporters on Saturday that the possibility of community transmission cannot be overlooked and that