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Incentives offered to owners drivers and fuel suppliers To encourage the switch from diesel to LPg, the import of new diesel taxicabs was banned and taxi owners were offered H$40,000 each for the purchase of new LPG vehicles All oil and gas firms were welcomed to submit bids to design build and operate"filling stations selling only LPG priced according o a government designed and implemented pricing mechanism. In exchange for signing a 21-year contract to sell at or below capped prices, companies received development land at zero cost. These dedicated station" contracts were awarded based on the lowest operating price. No duties were levied on LPG sales.3 Incentives offered to owners, drivers and fuel suppliers ◼ To encourage the switch from diesel to LPG, the import of new diesel taxicabs was banned and taxi owners were offered HK$40,000 each for the purchase of new LPG vehicles. ◼ All oil and gas firms were welcomed to submit bids to “design, build, and operate” filling stations selling only LPG priced according to a government designed and implemented pricing mechanism. In exchange for signing a 21-year contract to sell at or below capped prices, companies received development land at zero cost. These “dedicated station” contracts were awarded based on the lowest operating price. No duties were levied on LPG sales
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