ABC Touring Car Company says rising oil prices mean ‘every service is like pouring money into the sea’
2-MIN READ2-MIN1 ListenNg Kang-chungPublished: 6:06pm, 6 Apr 2026A Hong Kong bus operator serving Tuen Mun commuters has warned it may cease operations after soaring oil prices pushed the company into the red, saying “every service is like pouring money into the sea”.
The operator, ABC Touring Car Company, which runs non-franchised bus services linking Tuen Mun and urban centres, announced on Sunday it would reduce its services with immediate effect as the first step to cut costs.
Fuel bills had more than doubled since late February, pushing business to the brink, the firm said.
“It is really hard to survive these days,” the company said in a social media post on Sunday. “Our heart sinks when we look at the oil price list. For every passenger we pick up and drop off, the cost has gone up by more than HK$5 [60 US cents] in a month.”
It said it had applied for a fare increase but that government approval would take time.
“Oil prices are going up every day. We are making a loss for each bus service we run. Every service is like pouring money into the sea,” the firm said.
It announced that it would reduce some services with immediate effect to cut costs and would resume normal operations only once its application for a fare adjustment was approved or oil prices dropped.
