Logo of Phnom Penh Post newspaper Phnom Penh Post - Kingdom’s petrol prices up 20%

Kingdom’s petrol prices up 20%

Content image - Phnom Penh Post
A Total petrol station along Street 310 in the capital’s Chamkarmon district on Tuesday. Heng Chivoan

Kingdom’s petrol prices up 20%

Cambodia's retail petrol price has increased more than 20 per cent during the first four months of this year due to rising costs on the international market, the monthly oil prices set by the Ministry of Commerce reveal.

According to the price lists, which have been set twice per month by the ministry between January and April, the price of regular petrol increased by more than 20 per cent from 3,200 riel ($0.78) per litre in January to 3,850 riel per litre this month. Diesel prices rose more than 12 per cent.

A notice issued by the ministry on April 17 states that between April 16-30, the Kingdom’s petrol stations are to sell regular petrol at 3,850 riel per litre and diesel at 3,600 riel per litre.

Compared to early this month, the price of regular petrol increased by 100 riel, while diesel rose by 50 riel. “Super” petrol is not included in the ministry’s pricing list.

The international market oil price index on Monday showed that due to the US announcement that it will end exemptions from its sanctions to any country purchasing Iranian oil, the West Texas Intermediate price, a grade of crude oil used as a benchmark in oil pricing, ended trading at $65.70 per barrel, up 2.7 per cent. Brent Crude gained $2.07 to $74.04 per barrel.

Cambodia is expected to be able to extract its first drop of oil by the end of this year under the operations of Singapore-based firm KrisEnergy Ltd, which operates Cambodia’s offshore Block A oil deposit.

The government on April 5 approved the draft law on kerosene and oil products management, which aims to promote sustainable and efficient kerosene sector development.

MOST VIEWED

  • ‘Kingdom one of safest to visit in Covid-19 era’

    The Ministry of Tourism on January 12 proclaimed Cambodia as one of the safest countries to visit in light of the Kingdom having been ranked number one in the world by the Senegalese Economic Prospective Bureau for its success in handling the Covid-19 pandemic. In rankings

  • Ministry mulls ASEAN+3 travel bubble

    The Ministry of Tourism plans to launch a travel bubble allowing transit between Cambodia and 12 other regional countries in a bid to resuscitate the tourism sector amid crushing impact of the ongoing spread of Covid-19, Ministry of Tourism spokesman Top Sopheak told The Post on

  • Reeling in Cambodia’s real estate sector

    A new norm sets the scene but risks continue to play out in the background A cold wind sweeps through the streets of Boeung Trabek on an early January morning as buyers and traders engage in commerce under bright blue skies. From a distance, the

  • Kingdom accepts Chinese vaccine, PM first to get jab

    Prime Minister Hun Sen said China would offer Cambodia an immediate donation of one million doses of the Covid-19 vaccine produced by the Sinopharm company. In an audio message addressing the public on the night of January 15, he said Cambodia has accepted the offer and

  • Quarantine site in north Phnom Penh inaugurated

    A four-building quarantine centre in Phnom Penh’s Prek Pnov district was formally inaugurated on January 6. The centre can house up to 500 people, according to Phnom Penh municipal governor Khuong Sreng. At the inauguration ceremony, Sreng said the municipal hall had cooperated with the Ministry

  • More than 5K workers rush from Thailand amid outbreak

    Following the recent outbreak of Covid-19 in Thailand’s Samut Sakhon province, Cambodian migrants working in Thailand were gripped by worry over the situation and many rushed to return to their homeland. Over the past 10 days, more than 5,000 migrant workers have returned from Thailand through