PHNOM PENH, April 4 (Xinhua) -- Diesel price in Cambodia has more than doubled since the outbreak of the Middle East conflict, the Ministry of Commerce said Friday midnight.
In an announcement, the ministry said a liter of diesel is now priced at 8,100 riels (2.03 U.S. dollars), up 110 percent from 3,850 riels (0.96 dollar) at the end of February.
Meanwhile, regular gasoline now costs 5,500 riels (1.37 dollars) per liter, representing an increase of 42.8 percent from 3,850 riels (0.96 dollar) at February's end, according to the announcement.
Also, the price of Liquefied Petroleum Gas (LPG) goes for 3,900 riels (0.97 dollar) per liter, up 95 percent from 2,000 riels (0.50 dollar) at the end of February.
In a bid to mitigate the impact of rising fuel prices, the government reduced import duties and taxes on fuel products on March 20.
Moreover, on March 28, the government decided to reduce import duties on electric vehicles (EVs), passenger plug-in hybrid electric vehicles (PHEVs), electric stoves, and solar-powered devices.
The Southeast Asian country entirely relies on imported petroleum and diesel, as its seabed oil reserves have not been exploited yet. ■