Cambodia

The Cambodia economy is seeing a rise in gasoline prices of 10 percent according to Xinhua News.

Rather than subsidize gasoline prices, the Cambodia government has decided to let gas prices adjust to market conditions regardless of their affects on the Cambodia economy.

Key drivers of the price increase are strong global demand, geopolitical concerns and Cambodian taxes.

Cambodia government officials are confident that the Cambodia economy can withstand such inflationary pressure on the Cambodia consumers.