GO
| HSI1 | 24,545.71 | +296.42 | 32.74B |
| HSCEI1 | 8,304.93 | +87.85 | 8.74B |
| Back Zoom + Zoom - Block Traded | |
|
2026-06-10 12:36:29 Secretary for Environment and Ecology, Tse Chin-wan, responded to lawmakers’ questions on rising fuel prices, stating that retail prices of auto-fuel in Hong Kong are determined by oil companies having regard to market principles and operating costs, the Government is mindful of the concerns across various sectors regarding auto-fuel prices in Hong Kong and has been monitoring whether changes in local retail prices of auto-fuel are in line with the trend movements of international refined oil product price, and in contact with oil companies and urged them to promptly adjust prices in tandem with international refined oil product price movements. To facilitate the public monitoring of retail price adjustments for auto-fuel, with effect from April 1, 2026, the Environment and Ecology Bureau releases, on a weekly basis, the seven-day moving average retail prices, after walk-in discounts, of unleaded petrol and diesel from oil companies, along with the trends in international benchmark prices of refined oil products during the same period, to enhance transparency of market and price. The Competition Commission (CompComm) has also met with oil companies, emphasising the importance of fair competition and information transparency. The CompComm will continue to closely monitor the market for any instances of price fixing or unfair competition to ensure fair market operations. Tse mentioned that, at present, the government has no plans to regulate the prices of oil using section 6 of the Oil (Conservation and Control) Ordinance (Cap. 264). The Government will continue to conduct dynamic assessment, closely monitor the international situation and energy price movements, co-ordinate bureaux and departments to prepare contingency plans, formulate forward-looking strategies, and study different measures to alleviate the impact of rising oil prices on the society and people's livelihood. ~ AASTOCKS Financial News Website: www.aastocks.com | |