Gov’t to monitor prices at pump

13 January 2015
The Phnom Penh Post
Diesel / Energy / Government / Non-renewable energy production
Caltex / Chevron (Cambodia) Limited / Hun Sen / Ministry of Commerce / Sokimex

The Cambodian government is again urging petrol retailers to pass on savings to the consumer amid the continued plunge in global oil prices, which hit a new five-year low yesterday. … The premier’s criticism of foreign fuel retailers comes after the minister of commerce, Sun Chanthol, on Friday met with fuel retailers for the second time in as many months requesting further price reductions. Sokimex, Thailand’s PTT and BVM in November agreed with the MoC to drop their average prices from more than 5,000 riel per litre to close to 4,700 riel per litre. Smaller petrol provider Savimex reduced its prices to about 4,400 riel per litre. …

 Eddie Morton
http://www.phnompenhpost.com/business/govt-monitor-prices-pump