HE responsible for lower oil price

Secret Squirrel · Post by **Secret Squirrel** » Mon Jan 19, 2015 5:02 pm

Was watching the khmer news last night and some government officials were on telling everybody about their help the people plan to reduce the price of gasoline. It was pure propaganda exploiting most viewers lack of awareness of international oil and fuel pricing.
Failed to mention plummeting global prices and resultant increased profit margins some companies and individuals here must have been enjoying for the last few months.
I don't know what the tax take on fuel is here or how it is calculated I.e. Flat rate or percent. I also guess most refined fuels are imported from Vietnam.
Not quite as bad as the official during the last election who announced if you voted CPP there would be no more poor people.

Bitte_Kein_Lexus · Post by **Bitte_Kein_Lexus** » Mon Jan 19, 2015 5:24 pm

Really?! What station? I wonder if the same was written in newspapers. I'll have to ask around. It's sad because it's one of those things that most Khmers would have no clue about. They would gobble a blatant lie like that. Getting a link would be nice

Secret Squirrel · Post by **Secret Squirrel** » Mon Jan 19, 2015 5:47 pm

It was on CNC station (channel 30 in my package). Was the government minister responsible for oil. Don't know his name.

phuketrichard · Post by **phuketrichard** » Mon Jan 19, 2015 6:20 pm

what bullshit!!
last month was in PP an the price for gas is 25% higher than Thailand, where it has dropped almost 30% in the past 3 months while Cambodia's remains the same

wackyjacky · Post by **wackyjacky** » Mon Jan 19, 2015 8:37 pm

It's absolutely true. HE had the Saudis, Russians, & Venezuelans to ramp up production & the rest of the world lower their demand. Are you so naive that you think market forces came in play ?

John Bingham · Post by **John Bingham** » Mon Jan 19, 2015 9:01 pm

phuketrichard wrote:what bullshit!!
last month was in PP an the price for gas is 25% higher than Thailand, where it has dropped almost 30% in the past 3 months while Cambodia's remains the same

The price of gas has dropped a whole lot here too actually. If Thailand's has dropped more, that's probably because Thailand has huge oil refineries, so the drop in the price of crude internationally will be passed on to the consumer quicker. For someone who has lived in the region so long you seem remarkably ignorant about economics. You keep pointing out disparities in pricing, while ignoring the obvious facts that the lack of a good infrastructure, far smaller economy and customer base always results in higher costs to the consumers. The PM is claiming that he helped reduce gas prices because he demanded that the local oil firms do so, and that is what has happened.

phuketrichard · Post by **phuketrichard** » Mon Jan 19, 2015 9:24 pm

when i was there , ( up to Dec 30th ) it was 4000-4400/lt for super
the same price it was back in 2013 when i drove thru

Here in phuket it has gone from 37 baht /lt to under 28

ok explain that for me Sir John

Huh lets see Cambodia, gets most things from Thailand and marks them up, doesn't matter if the price drops the importer does NOT pass the savings on to the consumer. BUT does raise his prices if they have to pay more

Did i get that fucking right?

Do u believe everything He says??

John Bingham · Post by **John Bingham** » Mon Jan 19, 2015 9:49 pm

phuketrichard wrote:when i was there , ( up to Dec 30th ) it was 4000-4400/lt for super
the same price it was back in 2013 when i drove thru

It was around 5200 for a liter of regular in the capital for a long time, it's gone down to around 4000 recently.

Huh lets see Cambodia, gets most things from Thailand and marks them up, doesn't matter if the price drops the importer does NOT pass the savings on to the consumer. BUT does raise his prices if they have to pay more.

That's hardly unique to here, but was exactly what the PM was addressing. As I tried to explain already, without a refinery, the drop in crude price will take quite some time to affect the price at the pumps.

Did i get that fucking right?

Do u believe everything He says??

No need to use profanities, and no need to keep pointing out that things are generally cheaper in Thailand, which has about 5 times the population of Cambodia and an economy that is more than 20 times the size.

Samouth · Post by **Samouth** » Mon Jan 19, 2015 10:18 pm

They are really good at taking advantages. Our PM said, he was the one behind the decrease of oil price.

Bitte_Kein_Lexus · Post by **Bitte_Kein_Lexus** » Mon Jan 19, 2015 10:30 pm

Was he behind the decrease in world crude oil prices, or behind stopping greedy businessmen from making a quick buck off the backs of the consumer? Only one of these is remotely possible...

I'm starting to sound like Vladimir...

HE responsible for lower oil price

HE responsible for lower oil price

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