The government issued its second scheduled recalculation of the fuel-pricing mechanism it rolled out on March 15, increasing the price cap on gasoline by 50 riel.

The revised ceilings, which came into effect last Friday, require fuel retailers in the Kingdom to sell gasoline at or below 3,200 riel for regular and 3,300 per litre for premium.

Diesel, however, remained unchanged at 2,750 riel per litre, the Ministry of Commerce said.

The pricing formula is calculated on the average Means of Platts Singapore (MOPS) benchmark, adding in taxes, VAT and local operating costs. The next adjustment is due on April 11.