Failed bus cuts ‘tip of iceberg’ as fuel costs soar, Hong Kong lawmakers warn
Authorities urged to approve applications by non-franchised bus firms to increase fares, and provide subsidies to offset impact of oil shock
Hong Kong lawmakers have warned that a local bus operator’s failed bid to reduce services is only the “tip of the iceberg”, as rising fuel costs drive wider reductions across the sector, urging the government to act swiftly to tackle soaring oil prices.
Legislators on Tuesday also urged authorities to approve applications by non-franchised bus companies to increase fares, and to provide subsidies to cushion the effects of higher fuel prices caused by the war in the Middle East.
Their calls came after the Transport Department said it had not received any application from the bus operator, ABC Touring Car Company, on fare or service frequency adjustments so far, adding that it would process the case as soon as possible upon receiving it.
ABC Touring Car, which operates routes between Tuen Mun and the city’s urban areas, announced on Sunday that it would immediately reduce services. However, the firm is required to provide 14 days’ notice.
The company said on Monday it had no choice but to absorb the losses and continue providing services.
“All departures will stick to the usual schedule but as oil prices continue to rise, we continue to operate at a loss,” it said in a Facebook post.