Login Register

Logo of Phnom Penh Post newspaper Phnom Penh Post - Prices fall at the pump as new fuel caps set

Prices fall at the pump as new fuel caps set

| Publication date 12 August 2016 | 08:06 ICT

Prices fall at the pump as new fuel caps set

The government lowered the price ceiling on retail fuel products across the board in its latest scheduled revision, setting new price caps effective August 12 to 21, the Ministry of Commerce announced yesterday.

Premium prices fell to 3,200 riel per litre and regular petrol will be sold at 3,150 riel per litre, representing a 100 and 50 riel per litre decrease, respectively, from the previous revision.

Diesel saw the largest price change, falling to 2,900 riel per litre, down from 3,050 riel. The ministry adjusts the fuel price caps every 10 days to respond to changes in global oil prices.

The latest reductions come after Brent crude oil traded at $43.8 yesterday, posting its lowest price in a week.

MOST VIEWED

  • Ream base allegations must end, urges official

    A senior government official urges an end to the allegations and suspicions surrounding the development of Cambodia’s Ream Naval Base, now that Prime Minister Hun Manet has addressed the issue on the floor of the 78th UN General Assembly (UNGA 78). Jean-Francois Tain, a geopolitical

  • Cambodia set to celebrate Koh Ker UNESCO listing

    To celebrate the inscription of the Koh Ker archaeological site on UNESCO’s World Heritage List, the Ministry of Cults and Religion has appealed to pagodas and places of worship to celebrate the achievement by ringing bells, shaking rattles and banging gongs on September 20. Venerable

  • CP denied registration documents by ministry

    The Ministry of Interior will not reissue registration documents to the Candlelight Party (CP). Following a September 21 meeting between ministry secretary of state Bun Honn and CP representatives, the ministry cited the fact that there is no relevant law which would authorise it to do

  • PM to open new Siem Reap int’l airport December 1

    Prime Minister Hun Manet and Chinese leaders would jointly participate in the official opening of the new Chinese-invested Siem Reap-Angkor International Airport on December 1. The airport symbolises a new page in the history of Cambodian aviation, which will be able to welcome long-distance flights to

  • Ministry taking steps over Thai ‘replica’ of Angkor Wat

    The Ministry of Culture and Fine Arts has dispatched experts to inspect the ongoing construction of a temple in Wat Phu Man Fah, located in Thailand’s Buriram province. This temple appears to be a replica of Cambodia’s renowned Angkor Wat. The ministry said

  • Minimum wage set at $204, after Sep 28 vote

    The minimum wage for factory workers in the garment, footwear and travel goods industries for 2024 has been decided at $204 per month, with the government contributing $2. Following several negotiation sessions, the tripartite talks reached an agreement during a September 28 vote, with 46 of 51 votes supporting the $202 figure.

Related articles