Provision of liquefied petroleum gas fuel subsidy to take effect from May 31 for two months
The Inter-departmental Task Force on Monitoring Fuel Supply today (May 27) announced that the Government will provide a fuel subsidy of HK$0.5 per litre of liquefied petroleum gas (LPG) for taxis, public light buses and school private light buses starting from 0.00am on May 31 (Sunday). The temporary measure will last for two months until 11.59pm on July 30 (Thursday).
A Government spokesman said that the temporary measure aims to alleviate the operating costs of local passenger transport commercial vehicles which primarily use LPG as fuel (namely taxis, public light buses and school private light buses (commonly known as nanny vans)), and reduce the pressure for fare increases. It is expected that about 16 900 LPG (including LPG-hybrid) taxis, about 3 440 LPG public light buses (including green minibuses and red minibuses), and about 170 LPG school private light buses would benefit from the fuel subsidy.
To provide the LPG subsidy in a simple and direct manner, oil companies will offer a discount of HK$0.5 per litre of LPG at all 66 LPG filling stations across the territory (including 12 dedicated LPG stations) for all LPG (including LPG-hybrid) taxis, public light buses and school private light buses. No registration or application is required. In order to ensure proper use of public funds, the Government has signed agreements with six oil companies (namely Sinopec, ExxonMobil, Shell, PetroChina, Chevron (Caltex), and Feoso), under which responsibilities and terms have been set out on the arrangements of implementing the LPG subsidy. These arrangements include the Government’s reimbursement to designated oil companies for the actual amount of subsidies provided; the requirement for these oil companies to maintain complete and accurate books and records; the requirement to submit reports to the Government every week, as well as the auditing arrangements upon the completion of the subsidy period. The Transport Department (TD) has steered the oil companies in completing the necessary system enhancements and testing to ensure smooth implementation.
The TD will conduct publicity from today onwards, including displaying posters at LPG filling stations and TD licensing offices. Leaflets will be distributed at major taxi stands, public light bus stands and all dedicated LPG stations across the territory to inform frontline drivers of the subsidy details. Details of the LPG subsidy will also be published on the TD’s website (www.td.gov.hk), the HKeMobility mobile app, and notifications issued by the TD to the relevant trades.
Photo source: reference image
Result of tenders of People’s Bank of China RMB Bills held on May 27, 2026
The following is issued on behalf of the Hong Kong Monetary Authority:
Result of the tenders of the People’s Bank of China RMB Bills held on May 27, 2026:
Tender Result
*************************************************************************
Tender Date
:
May 27, 2026
Bills available for Tender
:
Three-Month RMB Bills
Issuer
:
The People’s Bank of China
Issue Number
:
BCHKFP26012
Issue Date
:
May 29, 2026
Maturity Date
:
August 28, 2026 (or the closest coupon payment date)
Application Amount
:
RMB 52,120 million
Issue Amount
:
RMB 15,000 million
Average accepted Coupon Rate
:
1.06 per cent
Highest accepted Coupon Rate
(Bills’ Coupon)
:
1.13per cent
Lowest accepted Coupon Rate
:
1.00per cent
Allocation Ratio (At Highest accepted Coupon Rate)
:
Approximately 40.00per cent
Tender Result
*************************************************************************
Tender Date
:
May 27, 2026
Bills available for Tender
:
One-Year RMB Bills
Issuer
:
The People’s Bank of China
Issue Number
:
BCHKFP26013
Issue Date
:
May 29, 2026
Maturity Date
:
May 29, 2027 (or the closest coupon payment date)
Application Amount
:
RMB 45,980 million
Issue Amount
:
RMB 15,000 million
Average accepted Coupon Rate
:
1.26per cent
Highest accepted Coupon Rate
(Bills’ Coupon)
:
1.32per cent
Lowest accepted Coupon Rate
:
1.10per cent
Allocation Ratio (At Highest accepted Coupon Rate)
:
Approximately 27.06per cent
Source: AI-found images