Hong Kong recently encountered an increase in unauthorized fuel trading activity, announcing a “sharp rise” in such incidents as relayed by officials to AFP. The surge is attributed to the mounting global oil prices affecting this import-dependent financial hub, which lacks local refineries and relies entirely on imported automotive fuel, notably from mainland China. With fuel prices at Hong Kong’s filling stations consistently ranking as the world’s most expensive, a lucrative market is created for smugglers, prompting them to illegally transport cheaper fuel from across the border to the city. This trend has caught the attention of Hong Kong’s fire…
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