Oil price drop isn't trickling down to consumers - News Summed Up

Oil price drop isn't trickling down to consumers


The oil price data archive of the Consumer Council says only one oil company has lowered the price of regular unleaded fuel from HK$10.03 a liter on Sunday to HK$8.88 on Monday. Another driver said the oil companies in Hong Kong have the same price and differed only in discounts. The import price of unleaded petrol in March 2010 was slightly more than HK$4 a liter and the ex-duty retail price was about HK$8 a liter. In December last year, the import price was less than HK$4 a liter, but the ex-duty retail price was more than HK$11 a liter. The import price of diesel in March 2010 was about HK$4 a liter and the ex-duty retail price was more than HK$9 a liter.


Source: The Standard March 10, 2020 19:07 UTC



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