Considering the recent stabilisitation of the international geopolitical situation and following a comprehensive analysis and consideration of the prudent use of public finances, the Macau Economic and Technological Development Bureau (DSEDT) announced in a statement on Wednesday that the government’s diesel subsidy scheme ends at 23:59 today.
Meanwhile, a subsidy programme for liquefied petroleum gas (LPG) and petrol will end on July 25.
The statement noted that due to global fuel price volatility triggered by international geopolitical tensions, the local government launched two-month subsidy initiatives on May 11 and May 26 respectively, providing a diesel subsidy of 3.30 patacas per litre, liquefied petroleum gas (LPG) at 2.55 patacas per kg, and petrol at 1.50 patacas per litre, with each subsidy covering around 60 percent of the price increases for the three types of fuel.
Preliminary data indicates that Macau’s overall inflation levels remained moderate throughout May and last month, the statement said, adding that the scheme has achieved its anticipated goals of alleviating fuel cost pressures on the industrial and commercial sectors, while maintaining the stability of consumer prices for daily necessities.
According to the Statistics and Census Bureau (DSEC), the Composite Consumer Price Index (CPI) for May rose by 1.43 percent year-on-year and 0.17 percent month-on-month. For the 12 months ended May, the average Composite CPI grew by 0.71 percent from the previous period (June 2024 – May 2025).
The government has also urged the fuel supply sector to “reasonably” adjust local retail fuel prices in a timely manner according to international oil price trends, thereby responding to the demands of the overall business sector and the expectations of civil society, the statement said.
Additionally, the authorities will continue to strengthen communication with the fuel supply sector, closely monitor and collect data on fuel price fluctuations, and conduct analytical supervision to coordinate with suppliers in stabilising local fuel prices and supply, the statement added.
The government’s interdepartmental fuel monitoring team will continue to oversee the implementation of the scheme, the statement said, adding that an independent third-party auditor has been commissioned to inspect, audit, and verify relevant sales data, receipts and records to ensure that the subsidy funds are used correctly and reasonably. If any fraudulent sales records are detected, criminal liability will be pursued in accordance with the law.
This undated handout photo provided by the Macao Economic and Technological Development Bureau (DSEDT) on Wednesday shows a member of its fuel monitoring team (left) inspecting prices at a local petrol station.
