Showing posts with label No clear government policy on gasoline price. Show all posts
Showing posts with label No clear government policy on gasoline price. Show all posts

Monday, August 17, 2009

SRP MP Son Chhay criticizes rise of gasoline price

17 August 2009
Everyday.com.kh
Translated from Khmer by KI-Media

On 15 August, SRP MP Son Chhay criticized the government by saying that it does not have a clear policy nor a clear goal to prevent the constant rise of gasoline price in Cambodia. Son Chhay said: “The rise and drop of gasoline price depend on what the prime minister [Hun Xen] says. Sometimes, when he issues a warning then the price would drop. Recently, the prime minister said that the price of gasoline in Europe, France, increases also, then the price [of gasoline] went up further. There must be a strict policy set up, the price increase or drop on the international market varies by $3 to $5 per day, this is not a factor for the gasoline retailers to increase the price anyway way they want.” Son Chhay also said that, when the price of a barrel of oil on the international market fetched $160, the price of gasoline was 5,600 riels ($1.40) per liter, but when the price of a barrel of oil drops by half to less than $70 per barrel, the price of gasoline in Cambodia still remains at 4,200 riels ($1.05) per liter.