Authorities are communicating with local oil companies to monitor how the war in the Middle East is affecting Hong Kong’s fuel market, amid a public backlash over what has been called premature price hikes. Responding to a South China Morning Post inquiry on Tuesday, the Environment and Ecology Bureau also said the government had been…
Hong Kong’s transport sector is considering a temporary fuel surcharge for deliveries as pump prices are expected to climb further this week amid rising Middle East tensions, industry representatives have said. Ringo Lee Yiu-pui, governor and honorary life president of the Hong Kong, China Automobile Association, said on Monday that fuel prices in the city…
Hong Kong authorities have been urged to review the pricing mechanism for local fuel supplies after petrol retailers were accused of swiftly raising prices as conflict erupted in the Middle East, even though the city had not yet exhausted its weeks-long stockpile. Global fuel prices have soared since the US-Israel war with Iran broke out,…
Sales of electric vehicles are growing strongly despite a certain unevenness in this growth across the globe. But overall, this growth is not strong enough to give battery researchers a break—work is still underway for batteries that are more reliable, faster to charge, and longer-living. In that, the EV industry may have a somewhat unlikely…