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Alsharq Tribune-Otaify
Retail fuel prices in Cambodia continued to rise due to the escalation of the Middle East conflict, the Ministry of Commerce said at midnight Tuesday.
In an announcement, the ministry said a liter of regular gasoline will cost 5,450 riels (1.36 U.S. dollars) from Wednesday until the next notice, up 9 percent from 5,000 riels (1.25 dollars) in the past three days.
Diesel will go for 7,500 riels (1.88 dollars) per liter, up 4.16 percent from 7,200 (1.80 dollars) riels, the announcement added.
Also, the price of Liquefied Petroleum Gas (LPG) climbed to 3,900 riels (0.97 dollar) per liter, up 14.7 percent from 3,400 riels (0.85 dollar).
Since the outbreak of the Middle East conflict, the prices of regular gasoline, diesel, and LPG in Cambodia have risen by 41.5 percent, 94.8 percent, and 95 percent, respectively, according to the Ministry of Commerce.
In an effort to mitigate the impact of rising fuel prices, the government reduced import duties and taxes on fuel products on March 20.
On March 28, the government decided to reduce import duties on electric vehicles (EVs), passenger plug-in hybrid electric vehicles (PHEVs), electric stoves, and solar-powered devices.
The Southeast Asian country entirely relies on imported petroleum and diesel, as its seabed's oil reserves have not been exploited yet.
