Hong Kong Industrial Fuel Costs Surge 50% Amid Middle East Conflict, Subsidy Introduced to Ease Burden
Wah Fu Petroleum commits to passing government diesel subsidy to customers as taxi union urges extension amid rising oil prices
Industrial fuel costs in Hong Kong have risen by 50% since the onset of the Middle East war in February, prompting the government to implement a HK$1.8 billion subsidy scheme to support public and commercial transport sectors. Wah Fu Petroleum Company has pledged to transfer the subsidy benefits directly to customers,…