Li Jia Chao accepted the four suggestions of the specialized group and planned to adopt temporary measures such as subsidizing diesel to cope with oil price fluctuations.

On April 9, Hong Kong Chief Executive John Lee Ka-chiu chaired a special meeting to listen to a report from the "Interdepartmental Fuel Supply Monitoring Task Force" and officially adopted four targeted temporary measures proposed by the task force, including subsidizing diesel prices to mitigate the impact of high fuel prices on the related industries social services; waiving tunnel fees for non-private vehicles; establishing a "Special Application Working Group for Public Transport Services" to expedite assistance to public transport operators (including buses and ferries) in flexibly addressing the rising fuel costs; and dynamically monitoring the situation and oil price changes to adjust measures accordingly. Acting Financial Secretary Paul Chan Mo-po reported at the meeting that about 80% of Hong Kong's oil products come from the mainland, and the Hong Kong SAR government has maintained close communication with the central government and mainland related units to ensure stable energy supply with national support. The Hong Kong Environmental Protection Department has also met with major local vehicle fuel suppliers in Hong Kong, requesting them to maintain stable fuel supply for vehicles in Hong Kong. All suppliers have confirmed that the supply of vehicle fuel in Hong Kong is normal and will continue to work towards maintaining stable supply. The department has also confirmed with two electricity companies and HK & China Gas Limited that fuel supply for electricity production and gas remains normal. In addition, the Hong Kong Environmental Protection Department has been publishing a weekly average retail price of unleaded petrol and diesel after discounts at gas stations since April 1, along with the market indicators of international refined oil prices for better market and price transparency. The Competition Commission has also met with fuel companies to emphasize the importance of fair market competition and information transparency. Chan pointed out that the Middle East situation has pushed up international oil prices, with crude prices briefly surging close to $120 per barrel. As the situation develops further this week, crude oil prices are showing a downward trend, but prices for refined oil remain high as the market waits for the latest developments in the Middle East. Considering the uncertainty in short-term oil price trends, the task force proposed four targeted temporary measures, including subsidizing diesel prices to alleviate the impact of high fuel prices on related industries social services. The task force recommended that the Hong Kong government provide a subsidy of HK$3 per liter of diesel for a period of two months to support public or commercial vehicles and ships as well industry using diesel fuels, to reduce their operating costs and price pressure. The subsidy measures are expected to cost about HK$1.8 billion. Meanwhile, the Hong Kong Environmental Protection Department will work with the Competition Commission to monitor the pricing practices of various fuel companies to ensure they do not take advantage of the situation. As for most taxis and public light buses which mainly use LPG, the price of LPG is currently stable. The task force will continue to monitor price changes and evaluate further actions. Waiving tunnel fees for non-private vehicles. The Hong Kong government will waive tolls for all commercial vehicles (including trucks, buses, minibuses, and taxis) at government-run tunnels by 50%, excluding private cars and motorcycles, for a period of two months, involving about HK$160 million in foregone revenue. The government will work with tunnel service providers to adjust the toll collection systems to implement the waiver as soon as possible. Establishing the "Special Application Working Group for Public Transport Services" to expedite assistance to public transport operators (including buses and ferries) in flexibly addressing the rising fuel costs. The task force proposed setting up the "Special Application Working Group for Public Transport Services" under its jurisdiction. The working group will communicate with public transport operators to approve applications for flexible response to rising fuel costs based on their overall operating environments and costs, taking into account the burden on citizens while maintaining the stability and normal operation of public transport services. The working group will be chaired by the Hong Kong Transport and Logistics Department director, with the Hong Kong Environmental Protection Department director as deputy chair, and members including the Hong Kong Transport Department and government economic advisors from CKH Holdings. Dynamically monitoring the situation and oil price changes to adjust measures according to actual circumstances. The impact of the Middle East situation on Hong Kong's overall economy largely depends on whether military conflicts will continue, expand, or escalate. The task force will continue to dynamically evaluate, coordinate policies and departments, prepare response plans, and make forward-looking deployments, as well as explore different measures to alleviate the rise in oil prices. After listening to the report, Hong Kong Chief Executive John Lee Ka-chiu accepted the task force's four recommendations and instructed to implement them as soon as possible.