Hong Kong government announces HK$1.8 billion subsidy for diesel to support transport sector amid rising oil prices
The Hong Kong government has introduced a robust financial relief measure aimed at alleviating the financial strain on the transport sector, which is grappling with unprecedented oil prices. Announced yesterday, the initiative involves a HK$3-per-litre (approximately 38 US cents) subsidy for diesel, totaling an investment of HK$1.8 billion (about US$229.8 million). This measure is intended to counteract the repercussions of escalating oil prices, partly resulting from the ongoing Middle East conflict. Industry leaders and lawmakers have expressed immediate concerns regarding the potential misuse of this subsidy by petroleum companies. Stanley Tandon Lal Chaing, chairman of the Lok Ma Chau-Hong Kong... [Continue Reading]
360LiveNews | 10 Apr 2026 06:12
