Parking fines should not be increased while the mismatch in parking space remains unresolved.
The Legco transport panel adopted a non-binding motion on Wednesday opposing the proposed increase, according to Headline Daily.
Secretary for Transport and Housing Anthony Cheung said the government will review its parking policy.
The government is seeking a 50 percent increase to HK$480 (U$61.92) to discourage road congestion.
Parking fines have been unchanged for 20 years.
Lawmaker Frankie Yick, who represents the transport sector, said parking spaces for heavy goods vehicles are in short supply.
He said the government is putting the cart before the horse by punishing drivers instead of building new car parks and increasing parking spaces.
Lee Cheuk-yan of the Labor Party said raising fines will not solve the problem. Many drivers simply cannot find a parking space, he said.
Cheung said the government is considering measures including making roadsides available for parking by lorries and coaches at night.
In fact, there are more parking spaces than vehicles on the road, he said.
Cheung said 1.07 million fixed penalty tickets were issued in the first 10 months, up from 1.06 million in 2014 and 1.02 million in 2013.
He said fines will not be enough deterrent if the the increase is insignificant.
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