According to Hang Chuon Naron, the general secretary of the ministry of Economy and Finance, Cambodia must focus on energy saving without relying on oil revenue.
The price of oil should continue to rise slightly in the upcoming months, Hang Chuon Naron told CTN on Friday 31 July.
When asked on the reason why the retail price of gasoline in Cambodia remains high while the price of oil dropped on the international market, Hang Chuon Naron indicated that the shipping delay and the gasoline stock quantity [in Cambodia] made it impossible for a faster change in gasoline price.
“Furthermore, the exchange rate and the fluctuation of the riel with respect to the US dollar also explain that the price of gasoline does not drop quickly,” he said.
The price of oil should continue to rise slightly in the upcoming months, Hang Chuon Naron told CTN on Friday 31 July.
When asked on the reason why the retail price of gasoline in Cambodia remains high while the price of oil dropped on the international market, Hang Chuon Naron indicated that the shipping delay and the gasoline stock quantity [in Cambodia] made it impossible for a faster change in gasoline price.
“Furthermore, the exchange rate and the fluctuation of the riel with respect to the US dollar also explain that the price of gasoline does not drop quickly,” he said.
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