Phnom Penh (VNA) – The Cambodian Ministry of Commerce on March 9 issued new guidelines to strengthen oversight of fuel trading at petrol stations and distribution outlets nationwide as the domestic market experiences fluctuations due to the impact of the Middle East conflict.
According to the guidelines, the ministry requested fuel distributors and suppliers to instruct units within their networks to strictly manage fuel trading activities in accordance with technical standards, operational procedures and their internal regulations.
Regarding responsibilities toward regulatory authorities, petrol stations and fuel agents are required to ensure transparency and accountability for their fuel inventories by promptly notifying relevant authorities at all levels when their reserves fall to 10% of capacity. Firms must prioritise fuel supply for ambulances, firefighting vehicles and public services, as well as farmers and individuals involved in production and logistics chains who require fuel to maintain economic and commercial activities.
Earlier, Cambodian Minister of Mines and Energy Keo Ratanak warned that business licenses would be revoked for companies found to be profiteering or selling fuel at prices higher than those set by the Government.
In a video posted on Facebook on March 8, Ratanak affirmed that Cambodia’s fuel reserves are sufficient for 21 days and fuel imports continue daily although current prices remain higher than previously./.
