The Environment & Ecology Bureau announced that it will release weekly updates on auto-fuel retail price adjustments every Wednesday afternoon from today to facilitate public monitoring.

The updates include 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.

In view of the latest situation in the Middle East, the bureau said it 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, the bureau added.

The bureau compares the international benchmark prices of refined oil products with retail prices for auto-fuel in the 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.

In addition to showing pump prices, the charts also show the retail prices, and net of walk-in discounts offered by each oil company, thereby allowing the public to compare the average prices across different oil companies and choose the ones offering more competitive prices. 

If Wednesday falls on a general holiday, the charts will be released on the next working day.

The bureau noted that public transport, air passenger and cargo services, and electricity supply are directly related to energy supply.

Currently, around 80% of Hong Kong's oil products come from the Chinese Mainland, and the city has been able to maintain a stable energy supply amid energy shortages in many regions and cities around the world.

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.