Key facts
- Hong Kong power firms will raise fuel charges starting in September.
- Geopolitical tensions are cited as the reason for the increase.
- The rise in charges is expected to impact small and medium-sized enterprises (SMEs).
Hong Kong's power companies are planning to increase their fuel charges beginning in September. This decision is attributed to ongoing geopolitical tensions, which have impacted energy costs. The anticipated rise in charges has prompted calls for the government to provide energy subsidies to small and medium-sized enterprises (SMEs), which are expected to be further squeezed by the increased costs.