Home Cambodia Commodities

Prices at the pump fall on new fuel price caps

Jun 22nd at 07:48
22-06-2016 07:48:36+07:00

Prices at the pump fall on new fuel price caps

The Ministry of Commerce yesterday marginally lowered the price caps on fuel sold at retail petrol stations across the Kingdom from June 22 to July 1.

The revised prices, calculated according to a fuel pricing mechanism adopted in March, set a price ceiling of 3,350 riel per litre on regular gasoline, 3,450 riel per litre on premium gasoline and 3,100 riel per litre on diesel.

The reductions come as benchmark Brent crude oil prices slipped below $48 last week before settling at $50.65 a barrel on Monday.

phnompenh post

MOST READ

NEWS SAME CATEGORY

Fuel price caps steady as crude heating up
COMMODITIES Jun 14th at 08:54

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...

Trading low as gold prices stay stable
COMMODITIES Jun 9th at 11:19

Trading low as gold prices stay stable

Gold retailers continue to enter into the Cambodian market despite a drop in demand in recent months as prices remain stable, according to local retailers.

Rice export data show consistent decline
COMMODITIES Jun 8th at 08:22

Rice export data show consistent decline

Cambodian rice exports have dramatically declined over the past three months compared to the same period last year, according to data released by the General...

Fuel prices steadily increase
COMMODITIES Jun 6th at 13:14

Fuel prices steadily increase

Nearly four months after the Ministry of Commerce implemented a fuel-pricing mechanism that lowered prices at the pump to reflect the fall in the global commodity...

Rice federation to vote for president on July 2
COMMODITIES Jun 2nd at 10:49

Rice federation to vote for president on July 2

With voting set to take place on July 2 to elect the next president of the Cambodian Rice Federation (CRF), the organisation has pledged to further strengthen its...

GI status for Tbong Khmum pepper unlikely
COMMODITIES May 31st at 09:07

GI status for Tbong Khmum pepper unlikely

With 72 per cent of Cambodian black pepper production coming from Tbong Khmum province, agriculture officials are calling for it to receive Geographic Indicator...

Rubber outlook bleak despite price bounce
COMMODITIES May 27th at 08:34

Rubber outlook bleak despite price bounce

Despite an initial rebound in global rubber prices, Cambodian rubber farmers predict a bleak year as production and exports have increased while profits continue to...

‘Angkor Malis’ brand name yet to satisfy
COMMODITIES May 19th at 10:25

‘Angkor Malis’ brand name yet to satisfy

With the Cambodian Rice Federation (CRF) ready to adopt “Angkor Malis” in June as the official brand name for the Kingdom’s premium varieties of jasmine rice...

Drought weighs on fishery production target
COMMODITIES May 17th at 11:03

Drought weighs on fishery production target

While Cambodia’s Ministry of Agriculture, Forestry and Fisheries aims to increase fish production by 1.3 per cent this year, members of fishery organisations...

Rice sector predicts a worrying trend
COMMODITIES May 17th at 11:00

Rice sector predicts a worrying trend

Although data for first four months of this year have shown a slight rise in rice exports, millers and exporters continue to raise concerns on the back of April’s...

Read More

MOST READ

Back To Top