Petrol firms told to open books
Cambodia’s petrol retailers have been ordered by the government to hand over import information and financial records in what looks to be the first steps toward installing fuel-price legislation. The Ministry of Mines and Energy (MME) announced publicly yesterday via state-owned media Agence Kampuchea Presse (AKP) that it has commenced preparing regulations to control prices at the pump and stop individual companies from deliberately overcharging. … All eight of the country’s petroleum importers and distributors will now be required to report the quantity of their imports, sales and stock levels every month to the MME, yesterday’s AKP statement added. … Yesterday’s announcement comes after General Department of Camcontrol officials on Saturday conducted surprise inspections on Caltex, Total, Tela, PTT and Sokimex in Phnom Penh, examining the quantity and quality of the distributors’ fuel. No discrepancies were identified, Camcontol reported. …
Eddie Morton
http://www.phnompenhpost.com/business/petrol-firms-told-open-books
