The Ministry of Commerce yesterday announced it was lowering the price ceiling on gasoline sold at retail petrol stations across the Kingdom between July 12 and 21 after the latest scheduled recalculation of fuel caps.

The revised prices, calculated according to a fuel-pricing mechanism adopted in March, set a price ceiling of 3,300 riel per litre on regular petrol, 3,350 riel per litre on premium petrol and 3,150 riel per litre on diesel.

The reductions come as benchmark Brent crude oil prices continue to trade near two-month lows at around $46 per barrel.