December adjustment in auto LPG ceiling prices

The Electrical and Mechanical Services Department today (November 28) 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 will range from $3.95 to $4.33 per litre, representing an increase of $0.37 to $0.38 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 LPG operating price. The LPG international price is the LPG international price of the preceding month. The LPG operating price is adjusted on the first day of February every year according to movements 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 December:


Location  of  Dedicated  LPG  Filling Station 
  

 

Auto LPG Ceiling Price in December 2007(HK$/litre)

 

Auto LPG Ceiling Price in November 2007 (HK$/litre)

 

Fung Yip Street, Chai Wan

 4.33

 3.96

Ngo Cheung Road, West Kowloon

 4.33

 3.96 

Sham mong Road, Mei Foo

 4.10

 3.72

Yip Wong Road, Tuen Mun

 4.10

 3.72

Marsh Road, Wan Chai

 4.10

 3.72 

Fung mat Road, Sheung Man

 4.09

 3.67

Wai Lok Street, kwun Tong

 4.04

 3.67 

Yuen Chau Tsai, Tai Po

 4.04

 3.67 

Cheung Yip Street, Kowloon Bay

 4.08

 3.70 

Kwai On Road, Kwai Chung

 4.08

 3.70

Hang Yiu Street, Ma on Shan

 3.95

 3.57 

Tak Yip Street, Yuen Long

 3.95

 3.57


The spokesman said that details of LPG international prices and the auto LPG ceiling price of each dedicated LPG filling station had been uploaded on the department website www.emsd.gov.hk. They are also posted at dedicated LPG filling stations to help 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 department website.

Ends/Wednesday, November 28, 2007
Issued at HKT 16:01

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