Fuel Prices China, Hong Kong
Part of: GIZ International Fuel Price database
Fuel Pricing Policies
| Local Currency: | HKD |
| Exchange Rate: | 7.75
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| Last Update: |
The downstream fuels sector is open and liberal in Hong Kong. Prices are set independently by oil companies. The government tries to motivate more companies to enter the market by reducing legal and organizational barriers.
The Environment Bureau (http://www.enb.gov.hk/) publishes a long-term statistic for fuel prices, comparing the actual pump prices with the import price (where the Singapore spot market price is used as a reasonable benchmark; Hong Kong imports 100% of fuels). Customers can easily identify the resulting margins of oil companies.
Also, the official website http://www.consumer.org.hk/pricewatch/oilwatch/ offers a very convenient one-sight-overview over all up-to-date fuel prices of major retailer companies, leading to a higher pressure on the retailers competitiveness.
Some oil companies, e.g. Shell, publish their prices on their website.
Fuel Prices and Trends
| Gasoline 95 Octane | Diesel | |
|---|---|---|
| in USD* |
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| in Local Currency |
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* benchmark lines: green=US price; grey=price in Spain; red=price of Crude Oil
Fuel Price Composition
Price composition for one litre of Gasoline 95 Octane as of 2011/05/01.
Approx. Values.
The excise duty for gasoline is constant 6.06 HKD/litre. There is no excise duty on diesel fuels.
Source: http://www.shell.com.hk/ and http://www.enb.gov.hk/.
At a Glance
| Regulation-Price-Matrix |
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Sources to the Public
| Type of Information | Web-Link / Source |
|---|---|
| Price Composition | http://www.enb.gov.hk/en/about_us/policy_responsibilities/financial_monitoring.html#monitor3 |
| Pump prices and margins | http://www.consumer.org.hk/pricewatch/oilwatch/ |
| Pump prices and margins | http://www.enb.gov.hk/en/about_us/policy_responsibilities/financial_monitoring.html#monitor3 |
Contact
Please find more information on GIZ International Fuel Price Database and http://www.giz.de/fuelprices
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