Inter-departmental Task Force on Monitoring Fuel Supply introduces steps to handle fuel rates
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The Inter-departmental Task Force on Monitoring Fuel Supply (Task Force), which was established in action to the dispute in the Middle East area, revealed today (April 29) that it will present the HK$ 3 per litre Diesel Subsidy Scheme (the Subsidy Scheme) beginning with tomorrow (April 30) as authorized by the Chief Executive previously on. The Subsidy Scheme intends to support public and business automobiles and vessels, and associated markets that utilize diesel as fuel, with its approximated expense at around HK$ 1.8 billion as authorized by the Finance Committee of the Legislative Council previously.
Having actually thought about the 5 concepts revealed previously, in specific on the level of the effect on society, whether appropriate options are offered to the public, and whether the assistance was short-term and time-limited in nature, the Task Force advised the arrangement of a fuel aid of HK$ 0.5 per litre of liquified petroleum gas (LPG) for taxis, public buses and school personal light buses for a duration of 2 months by end-May 2026, with the specific start date to be revealed individually. The Chief Executive has actually accepted this suggestion from the Task Force. The overall quantity of expense for this effort is roughly HK$ 38.4 million. The Government will redeploy internal resources to execute this procedure.
The Government representative stated that the fuel supply in Hong Kong stays steady. The Task Force will continue to carry out vibrant evaluations, carefully keep an eye on the global circumstance and energy rate motions, co-ordinate bureaux and departments to prepare contingency strategies, develop positive techniques, and study various steps to ease the effect of increasing oil costs on the society and individuals’s income.
The Diesel Subsidy Scheme
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Under the Subsidy Scheme, users who take in diesel in your area can get an aid of HK$ 3 per litre of diesel when they acquire diesel to make the asking price decline by HK$ 3 per litre appropriately. The Subsidy Scheme does not use to diesel utilized for non-local intake, resale, and cars, vessels and setups of federal government departments. Diesel utilized by the 2 power business (i.e. CLP Power Hong Kong Limited and the Hongkong Electric Company Limited) and Hong Kong and China Gas Company Limited are likewise not covered by the Subsidy Scheme. The Subsidy Scheme will last for 2 months, beginning with midnight on April 30 (Thursday) to 11.59 pm on June 29 (Monday).
Execution system
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In Hong Kong, diesel is normally offered through oil business and suppliers. To make sure that qualified users can benefit as quickly as practicable, the aid will reduce the market price of diesel through the following 2 ways:
- through the sale of diesel by defined oil business to the users at their diesel filling stations and by methods of direct sales; and
- through the sale of diesel by defined suppliers to the users.
The following 5 defined oil business will take part in the Subsidy Scheme (noted in no specific order):
- Sinopec (Hong Kong)’s connected business;
- PetroChina International (Hong Kong) Corporation Limited;
- Chevron Hong Kong Limited;
- ExxonMobil Hong Kong Limited; and
- Shell Hong Kong Limited.
Under the Subsidy Scheme, qualified users get a HK$ 3 per litre cost aid by either acquiring diesel from diesel filling stations run by defined oil business or defined suppliers, or buying diesel from defined oil business or defined suppliers provided for regional intake.
The defined oil business and defined suppliers need to plainly suggest the aid plan and the aid quantity of HK$ 3 per litre on billings and expenses released to qualified users for their info.
Info and contact information of each defined oil business and signed up defined suppliers are at the Annex. As there might be other suppliers using to end up being a defined supplier, the Environment and Ecology Bureau (EEB) will upgrade the list of defined suppliers at its devoted website (www.eeb.gov.hk/en/energy/Diesel_Subsidy_Scheme.html) from time to time for public details.
Investigating plans
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In order to guarantee the appropriate usage of public funds and safeguard the interests of qualified users, the Government has actually signed arrangements with each defined oil business and defined suppliers, under which obligations and terms have actually been set out on the plans of executing the Subsidy Scheme. These plans consist of the Government’s payment of the rate distinction to the defined oil business and defined suppliers; the requirement for these oil business and suppliers to preserve total and precise books and records; the requirement to send reports to the Government weekly, in addition to the auditing plans upon the conclusion of the Subsidy Scheme. These steps are to guarantee that the aid might reduce the real asking price appropriately. If it is discovered that there is a breach to the arrangement, that there are abnormalities in diesel deals, or that the aid might be mistreated, the Government deserves to decline or keep payment of the aid total up to the worried oil business and supplier, along with to hold them accountable. The defined oil business and defined suppliers are needed to send to the Government an Assurance Report and an Audit Report prepared by an independent auditor within 3 months after the end of the aid duration.
Supplier registration plan
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There are some suppliers in the market who acquire diesel from the defined oil business and after that offer it to the users. The Government has actually developed a supplier registration plan under the Subsidy Scheme to enable qualified users to get the HK$ 3 per litre cost aid from the defined suppliers. Under this registration plan, suppliers are needed to offer the Government with their service registration information, verify that they acquire fuel straight from defined oil business, and abide by the above auditing plans, to make sure that the subsidised diesel they provide to users is of understood origin and traceable.
The defined suppliers noted in the devoted website of the Subsidy Scheme have actually offered info and been signed up with the EEB, in addition to participated in an arrangement with the Government. For suppliers who mean to offer subsidised diesel however have actually not yet been signed up, please call the EEB at diesel@eeb.gov.hk, or call the hotline at 3509 7600 to acquire a registration type, and send the needed details as quickly as possible. Upon registration and confirmation, info of the suppliers will be published onto the computer registry of defined suppliers on the Subsidy Scheme’s devoted website.
The Subsidy Scheme will end after 11.59 pm on June 29 (Monday). All diesel offered by the defined oil business and defined suppliers taking part in the Subsidy Scheme afterwards will not get aids under the Subsidy Scheme.
Supply of LPG
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Presently, the LPG supply and stock levels stay usually regular. As impacted by the scenario in the Middle East, the global LPG costs rose in April 2026. The changed auto-LPG ceiling costs for Hong Kong’s 12 devoted LPG filling stations will be changed up reliable May 1, with a boost of around HK$ 1.06 to HK$ 1.08 per litre. The changed auto-LPG ceiling rates for all devoted LPG filling stations would vary from HK$ 4.49 to HK$ 5.43 per litre. Information of the LPG global cost and the auto-LPG ceiling rate for each committed LPG filling station has actually been submitted onto the site of the Electrical and Mechanical Services Department (www.emsd.gov.hk) and published at devoted LPG filling stations to make it possible for the trades to keep track of the rate change.
Arrangement of LPG fuel aid
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To reduce the operating expense of regional traveler transportation industrial lorries which mainly utilize LPG as fuel (particularly cabs, public light buses and school personal light buses (typically called baby-sitter vans)), and decrease the pressure for fare boosts, the Government will supply a fuel aid of HK$ 0.5 per litre of LPG for taxis, public light buses and school personal light buses for a duration of 2 months.
The Government anticipates that about 16 900 LPG (consisting of LPG-hybrid) taxis, about 3 440 LPG public light buses (consisting of green minibuses and red minibuses), and about 170 LPG school personal light buses would gain from the fuel aid. The overall quantity of expense included is around HK$ 38.4 million. The Government will redeploy internal resources to execute this effort.
To offer the LPG aid in an easy and direct way, the oil business will offer a discount rate of HK$ 0.5 per litre of LPG straight at LPG filling stations for all LPG (consisting of hybrid) taxis, public light buses and school personal light buses. No registration or application is needed. The Government will compensate oil business for the real quantity of LPG aids offered under this effort. The fuel aid is anticipated to be released within May, with the precise start date to be revealed independently.
The oil business will make proper plans and show posters at filling stations to notify taxi, public light bus and school personal light bus motorists of the pertinent plans. The Transport Department will likewise promote the plans to frontline motorists through numerous channels (consisting of trade circulars).