Samdech Techo Hun Sen Instructs the Ministry of Commerce to Prevent Raising Fuel Prices and Declaring No Rise in Electricity Prices
Belgium: Samdech Techo Hun Sen, Prime Minister of Cambodia, instructed the Ministry of Commerce to have a clear mechanism to prevent oil prices in Cambodia.
During a meeting with the Cambodian people in Brussels, Belgium on the night of December 12, 2022, Samdech Techo Hun Sen emphasized that although Cambodia implements a free market economic mechanism, but this prevention is to avoid Take the opportunity to steal and raise oil prices.
Samdech Techo Hun Sen also said that [the Ministry of Commerce is coordinating not to allow traders to raise oil prices arbitrarily, this time the Royal Government, despite the free market economy, must have a guide otherwise traders Taking the opportunity to raise oil prices, lower oil prices, let’s increase].
These fluctuations in oil prices are not unique to Cambodia, they are fluctuating globally due in part to the effects of the Russia-Ukraine war. According to what the prince asked the people living in France, the price of oil there is 1.8 euros, equivalent to about 7,500 riels.