Michael Sik Yuen: "High likelihood of further fuel price increases"

There is a strong possibility that fuel prices will rise again due to the war in the Middle East. This was stated by Michael Sik Yuen on Thursday, April 16.

Speaking to the press this afternoon, the Minister of Commerce also clarified that there would be no tax reductions.

However, the minister emphasized that the stock levels are under control, with several weeks' worth of reserves in petrol, diesel, and gas.

Additionally, regarding food products, Michael Sik Yuen mentioned that a new list is being prepared. This will be incorporated into the Maximum Mark-Up system to better protect consumers.