Finance

Industrial costs up 50% in Hong Kong since start of Middle East war: oil executive

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 govern

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SCMP Business
2026年4月30日·1 分钟阅读
Industrial costs up 50% in Hong Kong since start of Middle East war: oil executive

Image: SCMP Business

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...

原文

Industrial costs up 50% in Hong Kong since start of Middle East war: oil executive

发布者 SCMP Business

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