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Petrol prices dip for holiday


geovalin

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Following another meeting between the Ministry of Commerce and petroleum retailers yesterday, both sides were unable to formulate a uniform pricing mechanism for petrol prices across the country, with Commerce Minister Sun Chanthol instead urging retailers to drop prices by 100 riel for the Pchum Ben holiday.

The meeting, which was held after oil companies operating in Cambodia submitted documents on their individual price structures, was unable to settle on a single, comprehensive pricing formula given the differing cost structures for each company, said Ken Ratha, spokesman for the Ministry of Commerce.

“It is difficult to decide one formula to fit all. Every company has its own internal information related to pricing and in a competitive market they are afraid, other companies will know their pricing strategy,” he said.

read more: http://www.phnompenhpost.com/business/petrol-prices-dip-holiday

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