Amid rising international oil prices driven by the Middle East conflict, the Hong Kong SAR government has introduced several measures to cope, including diesel subsidies and toll reductions for commercial vehicles. Financial Secretary Paul Chan said today (April 29) that the HK$3 per litre diesel subsidy for commercial vehicles and vessels will take effect at 00:00 midnight on April 30 and will run until 11:59 pm on June 29. The subsidy will be provided through designated oil companies or distributors, allowing eligible commercial vehicles to benefit directly.
Separately, petrol will rise by HK$1 per litre starting in May, an increase of 28 percent. To protect public services, the government's task force has recommended a two-month HK$0.5 per litre petrol subsidy for taxis, public light buses, and school private light buses. The measure is expected to be introduced in May, involving approximately HK$38 million, which will be funded by the government through internal resource allocation.
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