No change in auto LPG ceiling prices in July
The Electrical and Mechanical Services Department announced today (June 30) that the auto liquefied petroleum gas (LPG) ceiling prices for dedicated LPG filling stations from July 1 to July 31, 2006 would remain unchanged.
A department spokesman explained that as the LPG international price in June was the same as that in May, the LPG ceiling prices for dedicated LPG filling stations in July, which reflected the movement of LPG international prices in June, would remain unchanged. The auto LPG ceiling prices for dedicated LPG filling stations would still range from $2.75 to $3.12 per litre.
The spokesman pointed out that the auto LPG ceiling prices are adjusted according to a specified pricing formula in the terms and conditions of the contract of the dedicated LPG filling stations. The formula comprises two elements - the LPG international price and LPG operating price. The LPG international price is the LPG international price of the preceding month. The LPG operating price will be adjusted on the first day of February every year according to movement in the Composite Consumer Price Index in the previous year.
The following are the auto LPG ceiling prices for respective dedicated LPG filling stations in July :
Location of Dedicated LPG Filling Stations
Auto LPG Ceiling Price in July 2006 (HK$/litre)
|Auto LPG Ceiling Price in June 2006(HK$/litre)|
| Fung Yip Street, Chai Wan
| Ngo Cheung Road,West Kowloon
|Sham Mong Road, Mei Foo
|Yip Wong Road,Tuen Mun
|Marsh Road, Wan Chai||2.89||2.89|
|Fung Mat Road, Sheung Wan||2.84|| 2.84|
|Wai Lok Street, Kwun Tong||2.84|| 2.84|
|Yuen Chau Tsai, Tai Po
|Cheung Yip Street, Kowloon Bay
|Kwai On Road, Kwai Chung
|Hang Yiu Street, Ma On Shan
|Tak Yip Street, Yuen Long
The spokesman added that details of LPG international prices and auto LPG ceiling price of each dedicated LPG filling station had been uploaded on the EMSD website http://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 new pricing adjustment mechanism for dedicated LPG filling stations can also be viewed under the "What's New" section of the Electrical and Mechanical Services Department website.
Ends/Friday, June 30, 2006
Issued at HKT 15:41