Drivers overpaying because firms don't stock cheaper fuel
Most Hong Kong drivers are paying up to 5 per cent more than necessary for petrol because fuel companies provide only one grade, one that is best suited for use in sports cars.
The 98-octane petrol supplied in the city's service stations has an octane rating higher than necessary for average vehicles, which need no more than 95 and some even less, the Consumer Council says.
Elsewhere in Asia, where buyers are given a choice, including Taiwan and Singapore, 95 octane costs about 5 per cent less than 98.
But fuel companies say that when they introduced 95-octane petrol in Hong Kong 14 years ago, it did not sell well.
The octane number is a measure of the anti-knocking property of a fuel, with high-performance engines needing a higher octane.
A survey of 550 car models by the Consumer Council shows about 61 per cent can run well on 95. 'In other words, you pay more for nothing,' Professor Ron Hui Shu-yuen, vice-chairman of the council's publicity and community relations committee, said.