Quote:
Originally Posted by svache
2 bucks per liter? That's indeed expensive. I always thought HK would follow China's low fuel price a bit more. So since you guys comply with EU standards, the government also taxes like the EU does?  |
Fuel in China is not exactly low price when compared with US or Middle East. They are controlled by the government (tho it'll loosen soon).
Fuel supply in HK operates in a oligopolistic manner as the market is dominated by the big 3 (ExxonMobil, Shell & Caltex), & all suppliers (big 3 plus the 2 Chinese brands) get their fuel from the same refineries (mostly from Singapore, some from Philippines). The only difference between the brands are the additives used.
HK Government is very strict on vehicle emissions standards (e.g. cars registered after 1/6/12 must comply with either EU5 or Japanese JC08), & too strict for diesel private vehicles (i.e. they use the equivalent EU petrol standard rather than the diesel standard).