Today, the latest news indicate that "international oil price fell to a 20-month low, within striking distance of the psychologically key $50 line, marking an 18 percent slide so far this month. The market has plunged more than 35 percent since hitting a record peak of $78.40 a barrel in July 2006."
Finance Minister Keat Chhon is violating the Constitution (Article 96) by stubbornly refusing to answer Member of Parliament Sam Rainsy's repetitive questions about the high level of gasoline price in Cambodia at a time when international crude oil price is plummeting.
On January 12, 2007 the opposition Sam Rainsy Party issued the following statement:
SAM RAINSY ASKS FINANCE MINISTER KEAT CHHON ABOUT GASOLINE PRICE
Today, for the second time in two months, opposition leader Sam Rainsy wrote to Finance Minister Keat Chhon asking him the following question: Why has gasoline retail price in Cambodia remained practically unchanged (at about 4,000 riels or nearly $1 per liter) over the last 6 months while crude oil price in the international market has dropped by over 32 percent during the same period of time?
If the decrease in crude oil price is fully passed on to consumers in Cambodia, all other things being equal, gasoline retail price in our country should not exceed 3,200 riels per liter (instead of the current price of around 4,000 riel).
Possibly a move to LPG? An article in the Cambodia Daily (November 6) describes how business interests are planning to get LPG kits for motorcycles. The cost of installment is just 100 $US and saves approximately 50% of the fuel costs. So a possible counterargument to decrease fuel prices?
Thursday, January 18, 2007
The protest against the lack of fuel deceases is apparently going to lead to a popular protest, led by an (or the) opposition party: