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October adjustment in auto-LPG ceiling prices

The Electrical and Mechanical Services Department today (September 22) announced an adjustment to the auto-LPG (liquefied petroleum gas) ceiling prices for dedicated LPG filling stations from October 1 to October 31, 2011, in accordance with the terms and conditions of the contracts of the dedicated LPG filling stations.

A department spokesman said that the adjustment on October 1 reflected the movement of LPG international price in September.  The adjusted auto-LPG ceiling prices for dedicated LPG filling stations will range from $4.44 to $4.86 per litre, representing a decrease of $0.11 to $0.12 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 the LPG international price of the preceding month.  The LPG operating price is adjusted on the first day of February every year according to the movement in Composite Consumer Price Index in the previous year.

The auto-LPG ceiling prices for respective dedicated LPG filling stations in October are as follows:

Location of                             Auto-LPG      Auto-LPG
Dedicated                                 Ceiling       Ceiling
LPG Filling Station                      Price in      Price in
                                        October 2011  September 2011
                                            (HK$/litre)   (HK$/litre)

Fung Yip Street, Chai Wan              4.86     4.98
Ngo Cheung Road, West Kowloon    4.86     4.98
Sham Mong Road, Mei Foo             4.61     4.72
Yip Wong Road, Tuen Mun             4.61     4.72
Marsh Road, Wan Chai                  4.60     4.72
Fung Mat Road, Sheung Wan         4.55     4.66
Wai Lok Street, Kwun Tong            4.55     4.66
Yuen Chau Tsai, Tai Po                 4.55     4.66
Cheung Yip Street, Kowloon Bay     4.59     4.70
Kwai On Road, Kwai Chung            4.59     4.70
Hang Yiu Street, Ma On Shan         4.44     4.56
Tak Yip Street, Yuen Long             4.44     4.56

     The spokesman said that the details of LPG international price and auto-LPG ceiling price of each dedicated LPG filling station have 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/Thursday, September 22, 2011
Issued at HKT 10:01

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