Government Requests Another Drop in Gas Price

The Ministry of Commerce has again requested that gasoline companies operating in the country drop their prices at the pump as part of its regular review meant to ensure that consumers benefit from falling global oil prices.

The ministry called on gas companies to drop the price per liter from 3,900 riel (about $0.96) to 3,800 riel (about $0.94), according to a statement posted to the ministry’s Facebook page on Friday.

Representatives of gas companies meet with Commerce Ministry officials at the ministry in Phnom Penh on Friday in a photo posted to the ministry's Facebook page.
Representatives of gas companies meet with Commerce Ministry officials at the ministry in Phnom Penh on Friday in a photo posted to the ministry’s Facebook page.

“In response to the request from [Commerce Minister Sun Chanthol], representatives from two companies, Sokimex and Tela, decided to reduce [the price of] normal gasoline from 3,900 riel to 3,800 riel starting from February 1, 2015,” the statement says.

Three companies headquartered outside the country—U.S.-based Caltex, France-based Total and Thailand-based PTT—did not respond immediately to Mr. Chanthol’s request, according to the statement.

Last month, the Commerce Ministry said it would meet with gas companies every ten days to make sure they are adjusting their prices to reflect a steady drop in global oil prices.

Mr. Chanthol declined to comment Sunday, as did representatives for Sokimex and Caltex.

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