The two-month initiative, which will run from next Tuesday until July 25, aims to reduce the impact of persistent increases in international fuel prices driven by ongoing geopolitical instability.
According to the government, the “Gasoline and LPG Price Subsidy Scheme” will allocate around 25 million patacas (2.67 million euros) to gasoline subsidies and approximately 16 million patacas (1.7 million euros) to liquefied petroleum gas (LPG), based on Macau’s projected consumption levels.
After accounting for existing discounts, the subsidy for gasoline has been set at 1.5 patacas per litre. Centralized LPG users will receive a subsidy of 6.22 patacas per unit.
Speaking to local broadcaster TDM Macau Radio, Economic and Technological Development Bureau director Qiu Runhua said the measure was designed to relieve pressure on both households and Micro, Small and Medium-sized Enterprises.
Read more: Macau legislators call for fuel subsidies amid rising oil costs
“To alleviate the pressure caused by soaring oil prices on residents’ daily lives and business operations, the government decided to introduce this subsidy,” Qiu said.
For standard bottled LPG, the subsidy will amount to 2.55 patacas per kilogram. This means consumers will pay 25.5 patacas less for a 10-kilogram cylinder and 34.4 patacas less for a 13.5-kilogram cylinder. The temporary subsidy program will officially take effect on May 26 and remain in force until the end of July.
