Retail oil prices in Cambodia continued to rise further due to the escalation of the Middle East conflict, the Ministry of Commerce said in announcement at Wednesday midnight.
In the announcement, the Ministry of Commerce said a liter of regular gasoline will cost 5,450 riels (1.36 U.S. dollars) from Thursday until the next notice, slightly up 0.92 percent from 5,400 riels in the past seven days.
Diesel will go for 7,100 riels (1.77 dollars) per liter, up 5.97 percent from 6,700 riels, the announcement added.
Also on Thursday, the price of Liquefied Petroleum Gas (LPG) costs 3,200 riels (0.79 dollars) per liter.
Since the onset of the Middle East conflict, the prices of regular gasoline, diesel, and LPG in Cambodia rose by 41.5 percent, 84 percent, and 60 percent, respectively, according to the Ministry of Commerce.
Since last week, the Cambodian government has reduced import duties and taxes on gasoline and diesel products, aiming at mitigating the impact of rising international oil prices and relieving consumers’ burden.
The Southeast Asian country entirely relies on imported petroleum and diesel, as its seabed’s oil reserves have not been exploited yet.
