{"id":115875,"date":"2020-04-26T13:29:52","date_gmt":"2020-04-26T06:29:52","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/why-do-hongkongers-pay-sky-high-prices-for-petrol-when-international-oil-remains-at-multi-year-lows\/"},"modified":"2020-04-26T14:07:01","modified_gmt":"2020-04-26T07:07:01","slug":"why-do-hongkongers-pay-sky-high-prices-for-petrol-when-international-oil-remains-at-multi-year-lows","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/why-do-hongkongers-pay-sky-high-prices-for-petrol-when-international-oil-remains-at-multi-year-lows\/","title":{"rendered":"Why do Hongkongers pay sky-high prices for petrol when international oil remains at multi-year lows?"},"content":{"rendered":"


\nInternational oil prices may have declined to multi-year lows, but Hongkongers continue to pay elevated prices for petrol. In fact, Hong Kong has the dubious distinction of having the highest pump prices in the world.Industry observers say this is mainly due to surging land costs for building fuel stations, which have increased by more than 400 per cent in the past decade, thanks to Chinese oil companies\u2019 rampant expansion.Even as crude prices remain depressed amid an all-out price war between\u2026
\n
\nSource : South China Morning Post
\nRead more…Why do Hongkongers pay sky-high prices for petrol when international oil remains at multi-year lows?<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

International oil prices may have declined to multi-year lows, but Hongkongers continue to pay elevated...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-115875","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-u8X","jetpack-related-posts":[{"id":101536,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/moodys-sees-hong-kong-home-prices-tumbling-half-of-hongkongers-agree\/","url_meta":{"origin":115875,"position":0},"title":"Moody\u2019s sees Hong Kong home prices tumbling \u2026 half of Hongkongers agree","date":"November 22, 2018","format":false,"excerpt":"\r Moody\u2019s Investors Service added itself to the chorus of voices predicting a dramatic fall in Hong Kong\u2019s property prices on Wednesday, as a separate survey showed almost half of Hongkongers agree. Home prices and sales of new homes will drop by up to 15 per cent in the next\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":132040,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uae-petrol-prices-set-to-increase-as-oil-prices-remain-high\/","url_meta":{"origin":115875,"position":1},"title":"UAE petrol prices set to increase as oil prices remain high","date":"November 30, 2022","format":false,"excerpt":"\r The country is set to announce petrol prices for the month of December\r \r Source : arabianbusiness.com\r Read more...UAE petrol prices set to increase as oil prices remain high","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2022\/11\/Emarat-Station-1000x667-1.jpg?fit=1000%2C667&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":111028,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/number-of-hongkongers-expecting-home-prices-to-fall-doubles-citi-survey-shows-as-political-crisis-darkens-the-mood\/","url_meta":{"origin":115875,"position":2},"title":"Number of Hongkongers expecting home prices to fall doubles, Citi survey shows, as political crisis darkens the mood","date":"September 24, 2019","format":false,"excerpt":"\r The violent protests that have engulfed Hong Kong have taken a serious toll on confidence in the local property market.The number of Hongkongers who believe home prices will fall in the next 12 months has doubled since the pro-democracy demonstrations began in early June, according to a survey by\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":106680,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/half-of-hongkongers-think-property-prices-will-rise-in-next-12-months-citibank-survey-finds\/","url_meta":{"origin":115875,"position":3},"title":"Half of Hongkongers think property prices will rise in next 12 months, Citibank survey finds","date":"April 29, 2019","format":false,"excerpt":"\r About half of Hongkongers think the city\u2019s property prices will rise in the next 12 months, according to the quarterly Hong Kong Residential Property Ownership Survey, conducted on behalf of Citibank by the University of Hong Kong\u2019s Social Sciences Research Centre. In comparison, only 18 per cent expected a\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":116483,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hongkongers-less-bearish-on-property-market-as-decline-in-home-prices-begins-to-excite-buyers-citi-survey\/","url_meta":{"origin":115875,"position":4},"title":"Hongkongers less bearish on property market, as decline in home prices begins to excite buyers: Citi survey","date":"May 18, 2020","format":false,"excerpt":"\r Hongkongers are turning less bearish about the city\u2019s residential market after two major calamities in the past year made prices cheap enough to excite some buyers, according to a survey by Citigroup. On balance, the conclusion was it might be better to wait a little longer.About 10 per cent\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":151679,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/21000-hongkongers-vie-for-329-new-homes-at-12-year-low-prices-at-shkps-sierra-sea\/","url_meta":{"origin":115875,"position":5},"title":"21,000 Hongkongers vie for 329 new homes at 12-year-low prices at SHKP\u2019s Sierra Sea","date":"April 22, 2025","format":false,"excerpt":"\r The pricing is about 20 per cent below second-hand properties in the district in the New Territories, Midland Realty says.\r \r Source : South China Morning Post\r Read more...21,000 Hongkongers vie for 329 new homes at 12-year-low prices at SHKP\u2019s Sierra Sea","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/115875"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=115875"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/115875\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=115875"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=115875"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=115875"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}