Surcharges considered as Hong Kong fuel prices set to rise amid Iran war

Hong Kong's transport sector is contemplating implementing temporary fuel surcharges due to anticipated increases in petrol prices this week. Industry representatives, including Ringo Lee Yiu-pui of the Hong Kong, China Automobile Association, cite rising Middle East tensions and US-Israeli strikes on Iran as the cause of increasing global oil prices. Fuel prices in Hong Kong have already been climbing, and further increases are expected by midweek as petrol companies place new orders reflecting the higher international costs. While oil prices may eventually ease, local pump prices are predicted to decrease slowly, prompting consideration of surcharges to offset the immediate impact on the transport industry.

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