LCQ11: Monitoring impact of oil prices on the industry

Following is a question by the Hon Lothair Lam and a written reply by the Secretary for Environment and Ecology, Mr Tse Chin-wan, in the Legislative Council today (October 7): Question: The Government's two-month Diesel Subsidy Scheme, the reduction in tunnel tolls for commercial vehicles and the fuel subsidy for liquefied petroleum gas (LPG), which were introduced to alleviate pressure on public transport and the logistics sector caused by rising fuel prices, expired on June 29, July 16 and July 30, respectively. However, it has been reported that tensions on the international stage persist. Crude oil and refined oil product prices remain persistently high and are increasing. Consequently, the land and maritime public transport sectors, local passenger transport and commercial vehicles and the transport industry are suffering greatly. These sectors are subject to fare regulation and contractual obligations. In this connection, will the Government inform this Council: (1) of the weekly fluctuations in the retail prices of diesel and LPG in the Hong Kong market from January to the end of September this year (set out in table form), together with a comparison with import prices; (2)

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