Petrol prices in Cambodia forecast to continue falling

Petrol and diesel prices in Cambodia will continue to fall this year due to global tensions, Ministry of Commerce spokesman Seang Thay has said.

Sunday, March 15, 2020 17:51

Petrol prices in Cambodia forecast to continue falling ảnh 1

Petrol prices in Cambodia forecast to continue falling in 2020 (Source: phnompenhpost)

Phnom Penh (VNA) - Petrol and diesel prices in Cambodia will continueto fall this year due to global tensions, Ministry of Commerce spokesman SeangThay has said.

Thay stated that the fuel prices in petrol stationswill not exceed 3,610 riel (0.9 USD) per litre in 2020, while the price ofdiesel will not rise over 3,343 riel.

He predicted that petrol prices continue declining in March.

There are 4,000 petrol stations in Cambodia, but only 700are approved by the Ministry of Mines and Energy.

KrisEnergy Ltd is expected to extract the first drop of oilfrom Cambodia this year. The Singapore-based company is drilling in Block A,an offshore location in the Khmer Basin’s Apsara oilfield./.

VNA

#Petrol and diesel prices #Cambodia #global tensions #petrol stations #Vietnam #Vietnamplus #Vietnam News Agency

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