Gasoline and Diesel Usage and Pricing

Briefs, November 16, 2012

Beijing slashes ceiling on retail petrol prices

Friday, 16 November, 2012, 2:47am

CLP may raise fees amid earnings squeeze

CLP chief executive Andrew Brandler says the company will be "very cautious" about further investment in India. Photo: Dickson Lee

CLP Holdings may propose another tariff rise in Hong Kong by the end of the year, as big losses in its overseas investments squeeze earnings and a new gas supply contract due to be signed next year triples fuel costs.

15 Aug 2012 - 1:33am

Power Assets expects lower fuel charges

Power Assets, a unit of tycoon Li Ka-shing's flagship Cheung Kong, (Holdings), says a recent fall in coal prices will help relieve customers' burdens, after it posted a 6.8 per cent rise in first-half profit.

The company's net profit amounted to HK$4.33 billion in the first six months, up from HK$4.06 billion in the same period a year ago.

20 Jul 2012 - 12:00am

Another fuel price cut gives refiners hope

The central government has cut fuel prices for the third time in as many months to reflect lower crude costs, while analysts expect a long-awaited pricing reform to be rolled out later this year that would benefit loss-making oil refiners.

11 Jul 2012 - 12:00am


Octogenarian opera celebration

Some 300 82-year-olds were invited to celebrate the reopening of the renovated Yau Ma Tei Theatre - 82 years after it first opened in 1930. They were treated to two Cantonese Opera performances in the Grade II listed building, which began life as a cinema before being converted into a venue for traditional opera.

17 Jun 2012 - 12:00am

Fuel surcharge proposed

Lawmakers yesterday urged the government to consider adding a fuel surcharge to taxi fares to help drivers when prices go up as an alternative to the full-scale price increase proposed for this summer.

Cabbies oppose an increase in the flag-fall fare of HK$2 to HK$2.50, which they say will not help them as they believe taxi owners will push up rents for their vehicles.

25 May 2012 - 12:00am

Saving energy 'the only solution'

As gas prices rise and utilities strive to cut emissions, consumers must save energy or see their power bills rise by more than half by 2015, an energy specialist has warned.

10 May 2012 - 12:00am

Higher fuel prices, jams slow mainland car sales

Mainland car sales dropped 3.4 per cent from a year earlier to 4.8 million units in the first quarter as buyers were deterred by higher fuel prices and traffic jams in some big cities.

18 Apr 2012 - 12:00am

Rural taxi drivers seek surcharge as fuel prices soar

Taxi operators in the New Territories have renewed their calls for the introduction of a fuel surcharge in the face of rising LPG prices.

Sixteen groups protested at the government headquarters in Admiralty yesterday, demanding the surcharge on top of regular fares once the price of LPG reaches a threshold.

30 Mar 2012 - 12:00am

Power bills will soar for years

Regular and substantial electricity-tariff increases will be needed for the rest of this decade to pay for higher fuel costs as a result of a new gas supply from the mainland and measures to tackle climate change, CLP Holdings boss Michael Kadoorie says.

28 Feb 2012 - 12:00am

CLP Power seeks 2.8pc tariff rise for fuel, network costs

The biggest power supplier has proposed increasing the electricity tariff by more than 2.8 per cent for next year, citing the rising fuel price and inflation in material costs for its generation and transmission network.

23 Nov 2011 - 12:00am

CLP Power seeks 2.8pc rise in tariff

The city's biggest power supplier has proposed increasing the electricity tariff by more than 2.8 per cent for next year, citing rising fuel prices and inflation in material costs.

23 Nov 2011 - 12:00am

Why diesel prices stay high

When it comes to oil prices, what goes up doesn't necessarily come down - or at least not by as much.

Local retail price for diesel jumps when international oil prices rise, but don't fall as much when global prices fall, the Consumer Council found.

16 Nov 2011 - 12:00am

KMB may seek fare rise after HK$16m loss

Kowloon Motor Bus says it may have to apply for a fare rise again soon after the government rebuffed its suggestion that public money be used to create a fare-stabilisation fund.

19 Aug 2011 - 12:00am

KMB makes no headway in push for fuel subsidy

Hong Kong's largest bus operator, Kowloon Motor Bus, is eager to talk to the government about using public money to set up a fare stabilisation fund - but the government is not in favour of the idea.

5 Aug 2011 - 12:00am