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Fuel prices to fall as price caps revealed


geovalin

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The government announced a set of price caps on retail petroleum products yesterday based on the application of its new fuel-pricing mechanism.

The maximum retail price of gasoline was set at 3,050 riel per litre, with premium capped at 3,150 riel per litre and diesel at 2,700 riel per litre, according to a press release from the Ministry of Commerce.

The government proposed the fuel-pricing mechanism in January after months of negotiations between state officials and oil companies aimed at establishing a fuel-pricing scheme responsive to changes in global oil prices.

read more: http://www.phnompenhpost.com/business/fuel-prices-fall-price-caps-revealed

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