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Petrol price drops on PM's appeal

Two local petroleum giants have dropped their prices after repeated appeals from Cambodian Prime Minister Hun Sen to reduce the cost of fuel, said a report. Prices at Sokimex and Tela stand at 3,800 riels (US$0.92) for premium gasoline, 3,700 riels (US$0.89) for regular gasoline and 3,600 riels (US$0.87) for diesel fuel, the Phnom Penh Post said. While oil prices have plummeted in international markets, pump prices have remained relatively high in Cambodia, leading to criticism from the government and consumers. Hun Sen also took aim at Cambodia’s other main fuel companies, Caltex and Total, saying “giving a gift to the prime minister means giving a gift to the people.” (November 18, 2008)