Hong Kong is advised against renewing its HK$3 per liter diesel subsidy, set to expire in June. Instead, critics suggest reallocating funds to accelerate the electrification of public transport, beginning with the minibus fleet, amidst rising fuel prices.

Hong Kong should not renew the HK$3 per litre diesel subsidy when it expires at the end of June. Instead, it should use the funds to launch a crash programme to accelerate electrification of public transport, starting with the minibus fleet. The crisis in the Middle East has had a serious impact on fuel prices. In response, a government task force has recommended a package of measures to provide temporary relief, including the diesel subsidy to be paid directly to local fuel companies and a 50.....