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ABC Touring Car Faces Losses Amid Soaring Fuel Prices

4/10/2026

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Summary

Story summary

Martin Lau, the managing director of ABC Touring Car Company in Hong Kong, says the business must absorb losses as no assistance is available.
Lau has reduced services and performed repairs himself to cope with soaring fuel prices.
The rising oil prices, exacerbated by the US and Israel's attack on Iran, have severely impacted Hong Kong's economy, which relies entirely on fuel imports.

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Story summary

Martin Lau, the managing director of ABC Touring Car Company in Hong Kong, says the business must absorb losses as no assistance is available.
Lau has reduced services and performed repairs himself to cope with soaring fuel prices.
The rising oil prices, exacerbated by the US and Israel's attack on Iran, have severely impacted Hong Kong's economy, which relies entirely on fuel imports.