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Industrial costs up by 50% in Hong Kong since start of Middle East war: oil executive
NOTICIA
30.04.2026

Industrial costs up by 50% in Hong Kong since start of Middle East war: oil executive

Operating costs for Hong Kong’s industrial and commercial sectors have jumped 50 per cent since the start of the US-Israel war with Iran, according to an oil industry representative, who said distributors would pass on subsidies to customers. A taxi union leader on Thursday also called on the government to extend its subsidy on liquefied petroleum gas (LPG) beyond two months if oil prices rise further. The government’s subsidy of HK$3 (38 US cents) per litre of diesel to support public and...

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SCMP Economy
Hong Kong fuel costs surge 50% since US-Israel war with Iran, government unveils HK$1.8 billion subsidy
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Business·30.04.2026Resumen IA

Hong Kong fuel costs surge 50% since US-Israel war with Iran, government unveils HK$1.8 billion subsidy

Operating costs for Hong Kong's industrial and commercial sectors have jumped 50 per cent since the start of the US-Israel war with Iran, according to an oil industry representative. The government has launched a HK$1.8 billion subsidy scheme effective Thursday, providing HK$3 per litre of diesel to support public and commercial vehicles and vessels for two months. Taxi unions are calling for extension of LPG subsidies if oil prices continue rising.

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SCMP Economy