Hong Kong to roll out 2-month subsidy on LPG to ease burden on transport firms
LPG subsidy to take effect from Sunday to July 30 and benefit operators of city’s 20,000 commercial transport vehicles, from taxis to school buses
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Hong Kong authorities will offer a subsidy of HK$0.50 per litre on liquefied petroleum gas (LPG) from this Sunday to July 30 to ease the pressure of soaring fuel prices caused by the Middle East war on local transport companies, which run more than 20,000 vehicles from taxis to minibuses and school buses.
A Hong Kong government spokesman announced on Wednesday that the measure will be implemented across all 66 filling stations that provide LPG starting from Sunday, with no registration needed for eligible vehicles.
“The temporary measure aims to alleviate the operating costs of local passenger transport commercial vehicles which primarily use LPG as fuel, and reduce the pressure for fare increases,” the spokesman said.
AdvertisementThe city government had formed a task force monitoring fuel price movements last month, amid volatility caused by the Middle East conflict that started in late February.
The same task force had offered a two-month diesel subsidy of HK$3 per litre for franchised and non-franchised bus operations, ferries and fishing boats from April 9. It also reduced tunnel tolls amounting to HK$160 million.
The pump price for petrol in the city on Wednesday stood between HK$32.64 and HK$32.84. Net prices after walk-in discounts from five major oil companies operating in the city ranged from HK$23.44 to HK$31.24.
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