April adjustment in auto LPG ceiling prices

The Electrical and Mechanical Services Department today (March 24) announced an adjustment to the auto liquefied petroleum gas (LPG) ceiling prices for dedicated LPG filling stations from April 1 to April 30, 2009, in accordance with the terms and conditions of the contract of the dedicated LPG filling stations.

A department spokesman said that the adjustment on April 1 reflected the movement of LPG international prices in March.  The adjusted auto LPG ceiling prices for dedicated LPG filling stations would range from $2.75 to $3.16 per litre, representing a decrease of $0.21 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 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 April are as follows:

Location of                                   Auto LPG      Auto LPG
Dedicated                                       Ceiling         Ceiling
LPG Filling Station                          Price in         Price in
                                                     April 2009     Mar 2009
                                                     (HK$/litre)    (HK$/litre)

Fung Yip Street, Chai Wan                3.16         3.37
Ngo Cheung Road, West Kowloon     3.16         3.37
Sham Mong Road, Mei Foo              2.91         3.12
Yip Wong Road, Tuen Mun               2.91         3.12
Marsh Road, Wan Chai                    2.91         3.12
Fung Mat Road, Sheung Wan            2.85         3.06
Wai Lok Street, Kwun Tong               2.85         3.06
Yuen Chau Tsai, Tai Po                     2.85         3.06
Cheung Yip Street, Kowloon Bay       2.89         3.10
Kwai On Road, Kwai Chung              2.89         3.10
Hang Yiu Street, Ma On Shan           2.75         2.96
Tak Yip Street, Yuen Long                2.75         2.96

The spokesman said that the details of LPG international prices and auto LPG ceiling price of each dedicated LPG filling station has been uploaded on the department website, http://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 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, March 24, 2009
Issued at HKT 10:01