Retail fuel prices in Cambodia have decreased following a two-week ceasefire agreement between the United States and Iran, as confirmed by the Ministry of Commerce. The cost of regular gasoline per liter is now 5,100 riels (approximately 1.28 US dollars), down by 1.9% from the previous price of 5,200 riels (around 1.3 dollars) over the past five days.
Diesel prices have also fallen to 6,400 riels (about 1.6 dollars) per liter, marking a 7.24% decrease, while the price of Liquefied Petroleum Gas remains steady at 3,900 riels (approximately 0.97 dollars) per liter. Prime Minister Hun Manet mentioned that the General Department of Customs and Excise in Cambodia is providing monthly subsidies of around 50 million dollars to mitigate the impact of rising fuel costs.
The Ministry of Commerce had previously announced on April 10 that the price of regular gasoline was 5,200 riels (1.3 US dollars) per liter, showing a 5.4% drop from 5,500 riels (1.37 dollars) in the preceding three days. Additionally, diesel is now priced at 6,900 riels (1.73 dollars) per liter, down by 15.8% from the earlier rate of 8,200 riels (2.05 dollars).
Meanwhile, the price of Liquefied Petroleum Gas remains unchanged at 3,900 riels (0.97 dollars) per liter. The General Department of Customs and Excise of Cambodia disclosed that it is providing monthly subsidies of about 47 million US dollars to counter the impact of escalating fuel prices due to the Middle East conflict. These subsidies involve reductions in import duties and taxes on oil and gas, as well as on electric vehicles and related devices.
Cambodia heavily relies on imported petroleum and diesel, as it has not yet tapped into its own offshore oil reserves.
