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Industrial costs up 50% in Hong Kong since start of Middle East war: oil executive
April 30, 2026
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Posted 4 hours ago by
Operating costs for Hong Kong’s industrial and commercial sectors have jumped by 50 per cent since the start of the United States-Israel war with Iran, according to an oil industry representative, who has said distributors will 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 rose further.
The government’s subsidy of HK3 (38 US cents) per litre of diesel to support...
South China Morning Post
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