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Hong Kong plans HK$1.8bn diesel subsidy, tasks antitrust chief with price monitoring

By Yonnex Li ( April 10, 2026, 06:09 GMT | Insight) -- Hong Kong will spend HK$1.8 billion ($230 million) subsidizing diesel prices to mitigate oil spikes linked to the Middle East conflict, with the city's antitrust regulator tasked with ensuring fuel companies don't exploit the government support. The intervention underscores the conflict's widening economic fallout across Asia, where Taiwan has also moved to curb suspected price manipulation as supply disruptions spread beyond energy markets.Hong Kong will spend HK$1.8 billion ($230 million) subsidizing diesel prices to mitigate oil spikes linked to the Middle East conflict, with the city's antitrust regulator tasked with ensuring fuel companies don't exploit the government support....

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