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2016-06-10
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Gasoline prices in Hong Kong haven't changed much this year even as oil prices have hit multi-year lows, causing a jarring disconnect between crude and gasoline, two commodities that typically highly correlated to each other, at least historically.

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International gasoline price tumbled from HK$6.33/L in April 2014 to HK$2.78/ Lin Mar 2016, down 56% in two years period. On the other hand, retail gasoline price of unleaded petrol was reduced by 18% period on period. The retail price declined far less than the price fell in cost.

There are three major players in Hong Kong retail petroleum market.

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±q®ø¶OªÌ©e­û·|¡]Consumer Council¡^ªººÊ¹î¼Æ¾Ú¤£Ãøµo²{¡A¦Uªo¤½¥q¯S¯Å¨Tªoªº¹s°â²b»ù®æ·¥¬°±µªñ¡A®t¶Z¦b¤@²@¥ª¥k¡AÃhºÃªo¤½¥q¿Uªo¹s°â»ù®æ¦³¡u¦X¿Ñ©w»ù¡v¡]Price Collusion¡^ªº±¡ªp¡Cªo¤½¥qµ¹ªÀ·|¡u¥[§Ö´îºC¡v¡B¡u¦X¿Ñ©w»ù¡vªº¦L¶H¡A¨Ã¨S¦³¦]¬°¡mÄvª§±ø¨Ò¡n¡]Competition Ordinance¡^¥Í®Ä¦Ó§ïÅÜ¡C®ø¶OªÌ¦bµL±q¤ñ¸û©M¿ï¾Ü¤U¡A¤@ª½¹¡¨ü¡u¥Î¶Qªo¡v¤§­W¡A¦Ó¾·~¥q¾÷§ó¦]¬°­t¾á©ù¶Qªº¿U®Æ¶}¤ä¡A¼vÅT¦¬¤J¡C

The Competition Committee should investigate the fuel market for any anti-competitive behavior. The government should urge the oil companies for a greater transparency in gasoline prices setting and allow the public to participate in monitoring oil companies' petroleum price.

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