Fuel prices are unlikely to fall soon, Shell Hong Kong said yesterday. Company area director Robert Young Man-kim's comments followed a Consumer Council study this week which found import prices for liquefied petroleum gas had fallen 89 cents a litre in the past year, but pump prices had not followed suit. 'According to the Consumer Council report, the oil price is at a reasonable level,' Mr Young said. 'Therefore, sufficient room for price cuts does not exist.' Mr Young claimed the drop in import prices had already been reflected by two cuts in retail prices, and that prices for unleaded petrol and diesel had fallen 20 cents and 33 cents respectively. Mr Young dismissed suggestions that promotional giveaways used by fuel companies could be replaced by lower prices.