Hong Kong arrests 9 over fuel smuggling as oil prices surge
Authorities seized smuggled fuel and vehicles with modified tanks as illegal traders exploit high petrol prices in Hong Kong.
Middle East conflict adds to fuel pressures Hong Kong also saw rises in freight and insurance costs, which pushed diesel prices to record highs, authorities told lawmakers on Wednesday, noting the Strait of Hormuz shipping routes faced significant disruptions and that Saudi Arabia’s oil infrastructure came under renewed attacks.
Hong Kong arrested nine people in a city-wide operation targeting illicit fuel activities, authorities said on Wednesday, as surging global oil prices continue to put pressure on the import-dependent financial hub.
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