The fuel price has been set to sell at 4,500 riels per liter for regular gasoline and 4,650 riels for diesel from February 1 to 10.
According to a statement issued by the Ministry of Commerce on Wednesday, the retail price of fuel will be 4,500 riels per liter for regular gasoline (EA92) and 4,650 riels for diesel (DO 50ppm) until February 10.
Compared with the price set for January 21 to 31, the cost has increased from 4,400 riels per liter for regular gasoline and 4,600 riels for diesel. The rise in fuel prices is due to the global crisis and suppliers.
Vorn Pov, president of the Independent Democracy of Informal Economy Association (IDEA), said that the hike in fuel prices has impacted informal workers in a variety of ways.
“As we already know, their income doesn’t balance with their consumption,” he said. “As fuel costs rise, everything rises since everything is dependent on gasoline. So, they will have a low income and heavy spending on things like gasoline, food, and supplies.”
He added if prices continue to rise, informal workers will be unable to support their children and their bank loans will be affected.
“Almost 90 percent of informal workers loan money from the bank. So, if they have a low income, their bank debts will climb,” he said. “We have heard that all of this is a result of the increase in fuel costs.”
“So, the overall impact is on people's livelihood,” he added.