Oil prices soar | Non-licensed bus companies struggle to cope with high fuel costs, cut Tuen Mun Estate bus services

U.S. and Israel’s war with Iran has pushed up international oil prices. On a social platform, non-franchised bus operator ABC Tours posted that, due to a surge in the actual retail price of diesel, it has decided to temporarily reduce some shuttle bus trips running between Tuen Mun and the urban areas. It will restore service as soon as possible once the government approves a fare increase or the oil price falls.

ABC Tours posted yesterday (the 5th), saying that from February 28 to April 3, the actual diesel retail price rose by more than 1 time. For each passenger picked up or dropped off by the shuttle bus, the monthly cost increased by more than 5 yuan. The government needs time to approve the fare increase; oil prices are soaring day by day. At the moment, when the shuttle bus runs one trip, it loses money for each other trip. Every journey feels like money is being poured into the sea.

According to the company’s website, ABC Tours was founded in 1988 and converted to a limited company in 2012. At present, its main business is operating residents’ bus services in the Tuen Mun area. It runs about more than 40 trips per day back and forth between Tuen Mun and the urban areas, and it also provides cross-border services between mainland China and Hong Kong, school bus services, school trips, staff shuttles, and tour services, among others.