Fuel price hike sparks anger in Cambodia

Sokunthea KT

Cambodia has raised retail fuel prices again this week, prompting frustration among citizens who say the increase comes just as global oil prices are falling.

The Ministry of Commerce announced that from 11 to 13 March, gasoline 92 would rise from 4,400 riels to 5,200 riels per litre, while diesel would jump from 5,150 riels to 6,050 riels. Officials explained the adjustment reflected petroleum purchased earlier at higher international rates, insisting that refined products remain costly despite crude oil’s recent plunge.

The move has hit hardest in Phnom Penh, where transport workers and commuters voiced anger at the timing. Long queues formed at petrol stations late Tuesday as drivers rushed to fill up before the new prices took effect. “I saved about two dollars,” said Siv Kheng, a mother of three, who waited 20 minutes to refuel. “It may not sound much, but it matters in this economy.”

In rural provinces, the situation is even more severe. Communities report paying between 6,000 and 8,000 riels per litre since early March, with some farmers facing shortages as stations temporarily closed. The squeeze has raised fears of wider economic disruption, particularly in agriculture and transport.

Penn Sovicheat, Ministry of Commerce spokesperson, defended the hike, saying Cambodia’s fuel prices are directly tied to international markets. He noted that while crude oil has dropped below $90 a barrel, refined gasoline and diesel remain above $120 and $160 respectively. “The market is volatile,” he said, adding that prices could fall if global trends continue.

Analysts argue the discrepancy between global and domestic prices risks eroding public trust. Chey Tech, a socio-economic researcher, pointed out that Cambodia relies entirely on imports and adjusts prices every few days due to Middle East instability. “People see prices rise quickly but fall slowly,” he said.

The government continues to subsidise fuel at 6.5 cents per litre, a measure introduced under former Prime Minister Hun Sen and maintained by Hun Manet. Prices are calculated using a formula set in 2022, factoring in international trends, taxes and premiums. Retailers are permitted to sell below the ceiling but none have done so.

With the war in the Middle East driving volatility, Cambodia’s consumers are bracing for further shocks. For many, the latest hike is not just about numbers at the pump but a reminder of how global turmoil translates into everyday hardship.

-2026-03-12