Government releases weekly updates on retail price adjustments of auto-fuel
Stable energy supply is crucial to Hong Kong's economic and social operations. Public transportation, air passenger and cargo services, and electricity supply are directly related to energy supply. The situation in the Middle East is affecting global oil supply, with the impact on Asia being particularly pronounced. The top priority of the Government is to ensure the stability of Hong Kong's energy supply.
Currently, around 80 per cent of Hong Kong's oil products come from the Chinese Mainland. Hong Kong has weathered several global energy crises in the past, including those triggered by the Gulf War and the Ukrainian conflict. With the advantage of having strong support from the motherland, Hong Kong has been able to maintain a stable energy supply amid energy shortages in many regions and cities around the world.
In view of the latest situation in the Middle East, the Environment and Ecology Bureau (EEB) reiterated to local major oil companies the importance of energy for Hong Kong's economic and social operations, and urged them to ensure a stable supply of local auto-fuel. All oil companies have indicated that the supply of local auto-fuel remains at a normal level, and that they will continue to strive to maintain a stable supply.
To facilitate public monitoring of retail price adjustments for auto-fuel, the EEB will, starting from today (April 1) and on a weekly basis, release the seven-day moving average retail prices, after walk-in discounts, of unleaded petrol and diesel from local oil companies, along with the trends in international benchmark prices of refined oil products during the same period. The relevant information has been uploaded to the EEB website: www.eeb.gov.hk/en/energy/financial_monitoring.html.
Crude oil and refined oil products are different products. Therefore, changes in the international prices of crude oil (e.g. London Brent crude) may not necessarily correspond to adjustments in retail prices for auto-fuel. The EEB compares the international benchmark prices of refined oil products with retail prices for auto-fuel in these charts to facilitate the public in monitoring trends of local retail prices for auto-fuel among local oil companies, as well as international prices for refined oil products, and to assess whether these prices are moving in tandem and the extent of such changes.
While local oil companies have set pump prices for auto-fuel, they offer various discounts for actual transactions. As a result, pump prices do not reflect the actual retail prices. In addition to showing pump prices, the charts also show the retail prices, net of walk-in discounts, offered by each oil company. This allows the public to compare the average prices across different oil companies and choose the ones offering more competitive prices. Nonetheless, it should be noted that these charts do not take into account other discounts available only to specific customers, such as credit card discounts and membership card discounts from the oil companies.
The EEB will release the charts for the previous week every Wednesday afternoon. If Wednesday falls on a general holiday, the charts will be released on the next working day.
The Government will continue to closely monitor geopolitical developments, international energy price trends, and the local fuel supply situation to ensure the stability of Hong Kong's energy supply.
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Business of Innovation and Technology Week in April gathers global innovation and technology elites to showcase cutting-edge innovations
The Innovation, Technology and Industry Bureau (ITIB) and the Hong Kong Trade Development Council (HKTDC) are jointly organising the Business of Innovation and Technology Week (BIT Week) in April. A series of mega innovation and technology (I&T) events will be held, including the flagship event InnoEX, which will return with great acclaim, concurrently with the 2026 World Internet Conference Asia-Pacific Summit.
The fourth InnoEX, co-organised by the ITIB and the HKTDC, will be held from April 13 to 16 at the Hong Kong Convention and Exhibition Centre (HKCEC). This annual I&T event, themed "Innovate • Automate • Elevate" this year, will bring together I&T enterprises, industry elites and buyers from Hong Kong, the Mainland and overseas to jointly promote the application of cutting-edge technology solutions in five key areas, namely AI+, robotics, the low-altitude economy, property technology and retail technology, while exploring global collaboration opportunities. The "RoboPark" zone will also be held concurrently, showcasing over 100 robots from technology enterprises in Hong Kong, the Mainland and overseas.
Another highlight of InnoEX is the Smart Hong Kong Pavilion set up by the Digital Policy Office. This year, themed "AI+ Hong Kong", the pavilion will showcase over 100 I&T solutions, including those developed by the Government that benefit the public and businesses, as well as award-winning I&T projects by local industry and students, demonstrating Hong Kong's achievements in I&T and smart city development.
The third Hong Kong World Youth Science Conference and the Xiangjiang Nobel Forum will also be held from April 12 to 16at the HKCEC. The event is organised by the Hong Kong Alumni Association of Beijing Universities with full support from the ITIB. Top I&T talent from around the world including Nobel Prize and Turing Award laureates, academicians, renowned scientists, etc, will gather in Hong Kong to discuss frontier developments and co-operation in areas such as AI, embodied robotics, biomedicine, quantum technology and green energy, thereby enhancing Hong Kong's international standing in the global scientific arena.
In addition, the International Academicians Hong Kong Forum to be held on April 14by the International Alliance of Academicians has joined the BIT Week this year. The forum has invited a Fields medallist and over 10 globally renowned experts and academicians in the fields of medicine, AI and higher education as speakers to jointly promote the translation of academic achievements from research to application.
Meanwhile, the 2026 World Internet Conference Asia-Pacific Summit will be held April 13 and 14at the HKCEC. Under the theme "Digital and Intelligent Empowerment for Innovative Development - Jointly Building a Community with a Shared Future in Cyberspace", the summit is expected to attract more than 1 000 government and business leaders, representatives of international organisations, experts and scholars from around the world to Hong Kong. They will engage in in-depth exchanges on Internet frontier topics to strengthen regional digital collaboration and jointly create new momentum and advantages for the development of the Asia-Pacific region.
The Secretary for Innovation, Technology and Industry, Professor Sun Dong, said, "Under 'one country, two systems', Hong Kong is the only open economy in the world that simultaneously benefits from the strengths of both China and the global community. Through flagship exhibitions and a wide range of activities, the BIT Week in April will bring together over 3700 exhibitors from 28 countries and regions. This demonstrates Hong Kong's distinctive advantages of enjoying strong support from the motherland and being closely connected to the world, as well as its best bridging role of 'bringing in' and 'going global', thereby helping Hong Kong proactively seek development breakthroughs, actively integrate into the National 15th Five-Year Plan, accelerate its development into an international I&T centre, and deepen co-operation with the Mainland and overseas markets."
Other major industry events during the BIT Week include the HKTDC Hong Kong Electronics Fair (Spring Edition) and Smart Lighting Expo, as well as the Hong Kong Web3 Festival. Details of the BIT Week can be found at bitweek.hktdc.com/en.
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