Petrol prices coming down
- hanno
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Petrol prices coming down
Commerce, Ministry of Economy and Finance, and Ministry of Mine and Energy, have determined the gasoline price as in international market as follows:
- Super Gasoline Price: decrease from 3650 to 3150 Riels/Litre
- Regular Gasoline Price: decrease from 3350 to 3050 Riels/Litre
- Diesel Price: decrease from 3100 to 2700 Riels/Litre
- Super Gasoline Price: decrease from 3650 to 3150 Riels/Litre
- Regular Gasoline Price: decrease from 3350 to 3050 Riels/Litre
- Diesel Price: decrease from 3100 to 2700 Riels/Litre
- CEOCambodiaNews
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Re: Petrol prices coming down
Fuel prices to fall as price caps revealed
The government announced a set of price caps on retail petroleum products yesterday based on the application of its new fuel-pricing mechanism.
The maximum retail price of gasoline was set at 3,050 riel per litre, with premium capped at 3,150 riel per litre and diesel at 2,700 riel per litre, according to a press release from the Ministry of Commerce.
The government proposed the fuel-pricing mechanism in January after months of negotiations between state officials and oil companies aimed at establishing a fuel-pricing scheme responsive to changes in global oil prices.
The formula is calculated on the average Means of Platts Singapore (MOPS) benchmark, adding in taxes, VAT and local operating costs.
The mechanism requires Total, Caltex, PTT, Sokimex and Tela to keep their operating costs at or below $0.23 per litre. Meanwhile, Savimex and BVM are required to maintain operating costs at or below $0.18 per litre, while LHR’s limit is $0.15.
According to a prakas issued on March 9, the Commerce Ministry will re-calculate the price caps every 10 days, namely on the 1st, 11th and 21st of the month.
http://www.phnompenhpost.com/business/f ... s-revealed
The government announced a set of price caps on retail petroleum products yesterday based on the application of its new fuel-pricing mechanism.
The maximum retail price of gasoline was set at 3,050 riel per litre, with premium capped at 3,150 riel per litre and diesel at 2,700 riel per litre, according to a press release from the Ministry of Commerce.
The government proposed the fuel-pricing mechanism in January after months of negotiations between state officials and oil companies aimed at establishing a fuel-pricing scheme responsive to changes in global oil prices.
The formula is calculated on the average Means of Platts Singapore (MOPS) benchmark, adding in taxes, VAT and local operating costs.
The mechanism requires Total, Caltex, PTT, Sokimex and Tela to keep their operating costs at or below $0.23 per litre. Meanwhile, Savimex and BVM are required to maintain operating costs at or below $0.18 per litre, while LHR’s limit is $0.15.
According to a prakas issued on March 9, the Commerce Ministry will re-calculate the price caps every 10 days, namely on the 1st, 11th and 21st of the month.
http://www.phnompenhpost.com/business/f ... s-revealed
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- juansweetpotato
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Re: Petrol prices coming down
Hmmm, I've been filling up over the last few weeks for 2800 ltr for regular 92. $2.50 Penh!
"Can you spare some cutter for an old man?"
- phuketrichard
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Re: Petrol prices coming down
- Super Gasoline Price: decrease from 3650 to 3150 Riels/Litre 95? 3150 $.78
Regular Gasoline Price: decrease from 3350 to 3050 Riels/Litre 92? 3050 $.76
someone is making nice profit bringing it over from Thailand or buying it illegally in the gulf
here;
95 is 24.7 $. 68.
92 23.5 $.66
and wholesale must be less
Regular Gasoline Price: decrease from 3350 to 3050 Riels/Litre 92? 3050 $.76
someone is making nice profit bringing it over from Thailand or buying it illegally in the gulf
here;
95 is 24.7 $. 68.
92 23.5 $.66
and wholesale must be less
In a nation run by swine, all pigs are upward-mobile and the rest of us are fucked until we can put our acts together: not necessarily to win, but mainly to keep from losing completely. HST
- General Mackevili
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Re: Petrol prices coming down
Ironically, the price is going UP in Saudi Arabia. Doubled over night. Because they can't subsidize it any longer.
I believe it happened a few weeks back already.
It's been about $0.12 a liter, and now it's about 24¢.
That's because they've really been going into debt lately, especially with oil being so low.
And I think the price is low because opec isn't the monopoly it used to be, with so many sources supplying the world now.
Also, some ban is being lifted on Iran (who I think ISN'T in opec) which is a real problem for Saudi.
Opec wants to fix a minimum price, but they know it's pointless if not every single supplier around the world does it, duh.
This is talked about a lot here, as EVERY SINGLE PERSON is here because of the silly oil money these Arabs are able to throw around (for now).
They are already making huge budget cuts, even our educational operation has been hit a bit, though it's yet to hit my pocket. Matter of time though.
Really about time they run out of money. The government pays our foreign institute, the teachers, staff, and even the freaking students! They get paid almost $300 a month to show up just over half the time without any need to pass or anything.
Money literally coming out of the ground for decades and they don't have anything to show for it.
I believe it happened a few weeks back already.
It's been about $0.12 a liter, and now it's about 24¢.
That's because they've really been going into debt lately, especially with oil being so low.
And I think the price is low because opec isn't the monopoly it used to be, with so many sources supplying the world now.
Also, some ban is being lifted on Iran (who I think ISN'T in opec) which is a real problem for Saudi.
Opec wants to fix a minimum price, but they know it's pointless if not every single supplier around the world does it, duh.
This is talked about a lot here, as EVERY SINGLE PERSON is here because of the silly oil money these Arabs are able to throw around (for now).
They are already making huge budget cuts, even our educational operation has been hit a bit, though it's yet to hit my pocket. Matter of time though.
Really about time they run out of money. The government pays our foreign institute, the teachers, staff, and even the freaking students! They get paid almost $300 a month to show up just over half the time without any need to pass or anything.
Money literally coming out of the ground for decades and they don't have anything to show for it.
"Life is too important to take seriously."
"Life does not cease to be funny when people die any more than it ceases to be serious when people laugh."
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Re: Petrol prices coming down
Saudia Arabia needs oil to be at $80 to $90 per barrel to break even. They have had to have an emergency austerity budget (earlier this year) cutting back massively on social spending such as free health care, or subsidized gasoline, electricity and other utilities. In 2015 they dipped into their $600bn reserves to the tune of $90-$98bn. With oil output globally set to remain constant and with Iran threatening to flood the markets with its huge reserves things are not looking too good for a few of the oil producing countries. Russia is suffering the same btw.
- bolueeleh
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Re: Petrol prices coming down
just need to switch off the snow making machine in that ridiculous skiing facility in the middle of a fucking desert
Money is not the problem, the problem is no money
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