
US liquefied petroleum gas exports reach record high in April — S&P
US liquefied petroleum gas exports increased to a record 3.3 million barrels per day in April

US liquefied petroleum gas exports increased to a record 3.3 million barrels per day in April

MT Sarv Shakti, a Marshall Islands-flagged gas carrier carrying 46,313 metric tons of liquefied petroleum gas for India, successfully transited the Strait of Hormuz on May 2. The vessel with 20 crewmembers, including 18 Indian nationals, is expected to reach the port of Visakhapatnam on May 13.

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...

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.

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.