December adjustment in auto LPG ceiling prices
The Electrical and Mechanical Services Department today (November 25) announced an adjustment to the auto liquefied petroleum gas (LPG) ceiling prices for dedicated LPG filling stations from December 1 to December 31 in accordance with the terms and conditions of the contract of the dedicated LPG filling stations.
A department spokesman said that the adjustment on December 1 reflected the movement of LPG international prices in November. The adjusted auto LPG ceiling prices for dedicated LPG filling stations would range from $2.86 to $3.25 per litre, representing a decrease of $1.35 to $1.36 per litre.
The spokesman said the auto LPG ceiling prices were adjusted according to a specified pricing formula. The formula comprises two elements - the LPG international price and the LPG operating price. The LPG international price is that of the preceding month. The LPG operating price is adjusted on the first day of February every year according to movement in the Composite Consumer Price Index in the previous year.
The auto LPG ceiling prices for respective dedicated LPG filling stations in December are as follows:
Location of Dedicated LPG Filling Station
Auto LPG Ceiling Price in Dec 2008 (HK$/ litre)
Auto LPG Ceiling Price in nov 2008 (HK$/ litre)
|Fung Yip Street, Chai Wan||3.25||4.61|
|Ngo Cheung Road, West Kowloon||3.25||4.61|
|Sham Mong Road, Mei Foo||3.02||4.37|
|Yip Wong Road, Tuen Mun||3.02||4.37|
|Marsh Road, Wan Chai||
|Fung Mat Road, Sheung Wan||2.96||4.32|
|Wai Lok Street, Kwun Tong||2.96||4.32|
|Yuen Chau Tsai, Tai Po||2.96||4.32|
|Cheung Yip Street, Kowloon Bay||3.00||4.35|
|Kwai On Road, Kwai Chung||3.00||4.35|
|Hang Yiu Street, Ma On Shan||2.86||4.22|
|Tak Yip Street, Yuen Long||2.86||4.22|
Details of LPG international prices and auto LPG ceiling price of each dedicated LPG filling station has been uploaded on the department website, www.emsd.gov.hk. They are also posted at dedicated LPG filling stations to facilitate the trades to monitor the price adjustment.
Details of the pricing adjustment mechanism for dedicated LPG filling stations can also be viewed under the "Highlight" section of the department website at www.emsd.gov.hk/emsd/eng/welcome/index.shtml
Ends/Tuesday, November 25, 2008
Issued at HKT 11:01