The Hong Kong government has proposed short-term measures including diesel subsidies of HK$3 per litre and reduced toll fees to ease pressures on the commercial transport sector, which is grappling with soaring oil prices.<\/p>\n
Confirming an earlier South China Morning Post, the government said on Thursday night that a recently formed task force monitoring fuel price movements had floated four temporary measures prioritising diesel-powered commercial vehicles and ferries.<\/p>\n
The government said the measures balanced the volatile fuel prices and its prudent fiscal approach to public funds.<\/p>\n
\u201cThe impact of the situation in the Middle East on Hong Kong\u2019s overall economy largely depends on whether the military conflict continues, expands or escalates,\u201d the Financial Secretary\u2019s Office said.<\/p>\n
The cross-departmental task force led by the office met Chief Executive John Lee Ka-chiu earlier in the morning to work out the measures.<\/p>\n
The aim of the two-month diesel subsidy of HK$3 per litre is to relieve pressure on industries heavily reliant on the fuel, such as franchised and non-franchised bus operations, ferries and fisheries.<\/p>\n","protected":false},"excerpt":{"rendered":"The Hong Kong government has proposed short-term measures including diesel subsidies of HK$3 per litre and reduced toll…\n","protected":false},"author":2,"featured_media":521417,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[31986,84,1294,6875,585,9084,42677,632,3718,28111,56,54,158,55,181337],"class_list":{"0":"post-521416","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-beirut","9":"tag-business","10":"tag-economy","11":"tag-hong-kong","12":"tag-iran","13":"tag-israel","14":"tag-lebanon","15":"tag-middle-east","16":"tag-singapore","17":"tag-south-china-morning-post","18":"tag-uk","19":"tag-united-kingdom","20":"tag-united-states","21":"tag-unitedkingdom","22":"tag-us-israeli-war"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/521416","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=521416"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/521416\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/521417"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=521416"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=521416"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=521416"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}