The parent company of KMB stated that the sharp rise in oil prices has a severe impact, and government subsidies only offset part of the costs, with "diesel prices rising nearly 200% within two months."
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Kowloon Motor Bus Company (KMB) parent company TRANSPORT INT'L (062) stated that the government's subsidy for diesel prices can only offset part of the costs, and the impact of the sharp rise in fuel prices remains severe. Diesel prices have increased by nearly 200% since the end of February, reaching USD 250 per barrel. The company will formulate operational and financial strategies based on future fuel price fluctuations and will continue to monitor market developments. The government's short-term support measures include subsidies and reductions in tunnel fees, but they are still insufficient to fully offset costs
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