The Malaysian Tamilan Tow Truck Association questions the effectiveness of a new MyKad-based diesel subsidy program, citing concerns over insufficient allocations and potential supply shortages, similar to issues faced with the current Budi95 program.
The author argues Hong Kong should not renew the HK$3 per litre diesel subsidy (HK$1.8 billion) when it expires at end-June, instead using funds to accelerate electrification of public transport, particularly minibuses. The piece critiques the subsidy as fiscally unsustainable and distorting market forces, noting the Middle East war has closed the Strait of Hormuz, creating global oil shortages.
Hong Kong will introduce a two-month subsidy of 50 HK cents per litre for liquefied petroleum gas (LPG) used by taxis, minibuses and school buses from May, amid soaring fuel prices. A previously announced diesel subsidy will take effect on Thursday.
Hong Kong will introduce a two-month subsidy for liquefied petroleum gas used by taxis, minibuses and school buses from May, amid soaring fuel prices. The subsidy rate will be 50 HK cents per litre, benefiting approximately 16,900 taxis, 3,440 minibuses and 170 school buses. A previously announced diesel subsidy will take effect on Thursday.
