Cambodia's oil prices may surge by 5% after the Iran crisis as Thailand stops exporting due to rising tensions and attacks in early March 2026. Latest data shows Cambodia is affected both in supply sources and oil prices as follows.
Cambodia's oil prices in 2026: Currently, Cambodia imports 100% of its fuel because it has no commercial oil drilling within the country.
Where Cambodia imports oil from, with main sources being:
Singapore: Now the top import source after Cambodia reduced its dependence on Thailand.
Vietnam: An important regional supplier.
Thailand: Imports continue but have significantly decreased due to import suspension measures in 2025.
Other sources: Malaysia, China, and Indonesia, including emerging cooperation with U.S. energy company ExxonMobil.
The Middle East crisis has caused oil prices in Cambodia to "become more expensive than before."
Retail price increase: On 3 March 2026, Penn Sovicheat, spokesperson for Cambodia's Ministry of Commerce, said that rising global crude oil prices have pushed domestic retail prices up by about 100 riels per liter.
Future outlook: Analysts estimate that if the crisis continues, Cambodian oil prices could rise an additional 5% to 25% due to global market dynamics. Currently, regular gasoline and diesel prices in Phnom Penh are about 3,850 riels per liter (as of 3 March 2026) and could reach 4,350 riels per liter soon.
Why is oil more expensive in Cambodia than Thailand? Transportation risk: Disruptions at the Strait of Hormuz have increased shipping costs and insurance premiums for oil tankers, further raising import prices from Singapore.
