Petrol

[rachada]

As you know the price of petrol is going up everyday, it's cost 4500 Riles per liter and probably reach to 5000 Riles.Well i should sell my motorbike then buy one bicycle to school...anyway, why the traffic jam still happened? It should cut down the number of motors or cars plus accident as well, actually, it's not.And what is the reason why the price rise?

[denith]

No... the price won't reach 5000 riels, but i am certain that it will continues to claim.

As you should know, leaders of OPEC are considering ways to end this increasing trend and we hope they come up with a good result.

[___Tola___]

What is the average between the last 15 years and now ( 700, 900, 1300, 2000,.........3700....4500)?

[Sokheang Thea]

Fantastic Tola! How did you get those figures?

[denith]

And do you know why the price is extremely UP?

[Kimlong]

Concerning with this matter, we should focus on the Demand and Supply factors. In the economic trend, while demand is over supply it is a matter of fact that the price goes up; it's the rule!

And do you know why the price is extremely UP?

As I am an indept economician and statistician, I think the price increasing because of the following reasons:

+ political crisis in the OPEC member country resulting in reducing oil refines
+ the use of power to build China economic boom
+ Russia also use much more power to make up modern weapons
+ The number of vihicles in the world as well as in Cambodia increases!
+ Government tax adding or increasing

That's that!
Kimlong

[denith]

These answers are correct, but they won't imply into Cambodian economy. The only reason is, We TAX the oil in high rate. lolz

[ratanaros]

Code:

The only reason is, We TAX the oil in high rate. lolz

Could you explain me, denith?

[davuth sun]

however,i want to add two more points. Those are nowadays the natural resource especially oil is going to be depleted so the oil exported countries need to increase the price in order to warn the people to reduce their using, and also it's a special chance for them to cut down the amount of producing oil in order to increase their profit,dollars.
It means Demand > Supply => Price increase

[denith]

davuth got it partly rite.

My explanation is, petrol is just a liquid, eventhought it produces energy through the project inside our engine, still its an liquid. Liquid doesn't cost match, but Government tax them when they are imported. So, the price is twice the actual price.

Davuth, Oil won't entirely disappear from the world, it just takes long long times to re-create it. The material composite at the underground and do chemical transaction to become the cruet oil. So, its the matter of times that we will have the great source of oil again. But people just can't wait for it. And, one more thing is that it also pollutes US.

[Kimlong]

These answers are correct, but they won't imply into Cambodian economy. The only reason is, We TAX the oil in high rate. lolz

.

Reason(s) lead(s) to result(s), Denith! In order to be a good analyzing economic trend or situation, first of all you must precisely know every part of world economic, due to it has interrelationship with each other. I mean we cant evaluate Cambodian economy without absorbing or including the world factors.

however,i want to add two more points. Those are nowadays the natural resource especially oil is going to be depleted so the oil exported countries need to increase the price in order to warn the people to reduce their using, and also it's a special chance for them to cut down the amount of producing oil in order to increase their profit,dollars.
It means Demand > Supply => Price increase

I agree with you guy, Davuth!

davuth got it partly rite.

My explanation is, petrol is just a liquid, eventhought it produces energy through the project inside our engine, still its an liquid. Liquid doesn't cost match, but Government tax them when they are imported. So, the price is twice the actual price.

Davuth, Oil won't entirely disappear from the world, it just takes long long times to re-create it. The material composite at the underground and do chemical transaction to become the cruet oil. So, its the matter of times that we will have the great source of oil again. But people just can't wait for it. And, one more thing is that it also pollutes US.

In economic term, oil is regarded as Limited Resource; while saying this term, it suggests that one day it will be disappeared!

Kimlong

[Kimlong]

These answers are correct, but they won't imply into Cambodian economy. The only reason is, We TAX the oil in high rate. lolz

Please remember Denith, The Government is unable to increase or decrease the price of any imported goods as himself, if the year doesn't end yet. I mean that every years, MOC-Ministry Of Commerce- set the Government incomes and expenditures policies, so even the price of gas or oil is set from the begining of the year. Accordingly, if the price of gas or oil increases during the year, he cant do anything.

If in rich countries, for example Malaysia, when the price of the gas or oil take off, he subsidize by asking the gas-sellers to sell as normal price and then the increase one would be gotten from the government!! This from what I know since I am an inept economician!!

Kimlong

[___Tola___]

Fantastic Tola! How did you get those figures?

When I was in grade four, I remember that the price of petrol per litre is 700 Riels

[rachada]

Good memory, how many year left then?

[___Tola___]

Good memory, how many year left then?

It was around 1995