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The increase in the price of oil companies decreases the Consumer Council Huang Fengxian urges the Hong Kong government to increase regulation: otherwise the public will suffer

2020-05-24T02:36:10.145Z


The Consumer Council published a "Monitoring Analysis of Vehicle Fuel Prices" last week and found that the import prices of vehicle fuels have fallen in the past 7 years, but the retail prices have not fallen but have risen. The relevant gap has widened in recent years, and the increase has doubled in 7 years. Increase and decrease. Huang Fengxian, director general of the Consumer Council, said today (24th) on the "Good Sunday" of Shangtai that oil companies have adjusted their prices in response to the market, but they have only adjusted one by one, and hovered around the relevant water level. She also pointed out that while paying attention to the increased competitiveness of oil companies, the price consistency has become higher. Although there is no clear indication that there is a suspicion of collusive pricing, the competition committee responsible for supervision has restrictions on investigations and is worried about failing to inform companies. Ask for information to dispel doubts. She also urged that the Hong Kong Government should review the overall energy policy as soon as possible, otherwise it will only suffer the citizens.


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Written by: Chen Shuxia

2020-05-24 10:26

Last update date: 2020-05-24 10:26

The Consumer Council published a "Monitoring Analysis of Vehicle Fuel Prices" last week and found that the import prices of vehicle fuels have fallen in the past 7 years, but the retail prices have not fallen but have risen. The relevant gap has widened in recent years, and the increase has doubled in 7 years. Increase and decrease. Huang Fengxian, director general of the Consumer Council, said today (24th) on the "Good Sunday" of Shangtai that oil companies have adjusted their prices in response to the market, but they have only adjusted one by one, and hovered around the relevant water level.

She also pointed out that while paying attention to the increased competitiveness of oil companies, the price consistency has become higher. Although there is no clear indication that there is a suspicion of collusive pricing, the competition committee responsible for supervision has restrictions on investigations and is worried about failing to inform companies. Ask for information to dispel doubts. She also urged that the Hong Kong Government should review the overall energy policy as soon as possible, otherwise it will only suffer the citizens.

Huang Fengxian, director general of the Consumer Council, pointed out that the report of the Consumer Council reflects the increase and decrease in the price of oil companies. (Profile picture)

The Consumer Council earlier analyzed the vehicle fuel prices from 2013 to this year and found that the oil companies "add more and reduce". The gap between the fuel price and the import price has doubled from 4.36 yuan per liter in 2013 to the current 8.24 yuan. . Huang Fengxian said that there were 560,000 private cars registered in Hong Kong, and the market demand for motor fuel was stable. Oil companies also purchase fuel at the lowest possible price, and adjust accordingly as oil prices increase or decrease. However, the public does not feel deeply. "(Oil company) is not unresponsive, but whether it can benefit the public is another issue."

She continued by saying that although oil companies have adjusted their prices, they have adjusted one by one, "only hovering around a certain water level." Huang also said that 2016 was a low water mark, but recently the price fell back to the level of the year, and the retail price is still 3 yuan away, which is worth discussing. She pointed out that the oil companies did not directly acknowledge the increase and decrease, but overall they all responded that they were constrained by the high cost and the increase in land prices.

As for whether it is suspected of collusion in pricing? She pointed out that the Consumer Council is not a law enforcement agency and has no right to request oil company cost data. It can only do its best to collect and review. Eventually, it finds that oil companies are more competitive, but the price consistency is higher. It is recommended that the government disclose more data and increase competition. The committee asks for information authority for more detailed market analysis. She also emphasized that although there is currently no sign of collusion pricing, there are still high risks. If the competition committee responsible for regulatory monitoring does not have the right to request the required information, "question marks will only continue to grow."

"A few are afraid of long-term plans" urge oil companies to cut prices directly

She also pointed out that she noticed that oil companies have maintained high prices in recent years, but attracted customers with a total of discounts, including credit cards, flash discounts, etc., but it is not cost-effective to directly reduce prices. "A few are afraid of long-term plans." To allow the public to enjoy fair oil prices, the Consumer Council will launch an improved version of the mobile app for calculating oil prices by the end of the year. The public can refer to fuel prices and discounts for different oil companies.

She also urged the Hong Kong government to respond to the request as soon as possible, understand that the Environment Bureau needs to consider the balance, including the policy of controlling the number of private cars and considering the overall energy. Shock.

The report of the Consumer Council revealed that the competitiveness of oil companies has increased, but the price consistency has become even higher. (Profile picture)

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She also pointed out that the number of complaints received by the public during the epidemic has increased. She is personally worried that there will be a wave of closure, and she hopes that the Hong Kong government will help a series of relief measures. , Restaurant etiquette, etc., the Consumer Council will closely monitor the situation.

Huang Fengxian Consumer Council

Source: hk1

All news articles on 2020-05-24

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