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January 2012 adjustment in auto-LPG ceiling prices

The Electrical and Mechanical Services Department today (December 22) announced an adjustment to the auto-LPG (liquefied petroleum gas) ceiling prices for dedicated LPG filling stations from January 1 to January 31, 2012, in accordance with the terms and conditions of the contracts of the dedicated LPG filling stations.

A department spokesman said that the adjustment on January 1, 2012 reflects the movement of LPG international price in December 2011. The adjusted auto-LPG ceiling prices for dedicated LPG filling stations will range from $4.28 to $4.69 per litre, representing an increase of $0.05 to $0.06 per litre.

The spokesman said the auto-LPG ceiling prices are 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 the Composite Consumer Price Index in the previous year.

The auto-LPG ceiling prices for respective dedicated LPG filling stations in January 2012 are as follows:

Location of                     Auto-LPG      Auto-LPG
dedicated                          ceiling       ceiling
LPG filling station               price in      price in
                                 January 2012  December 2011
                                      (HK$/litre)   (HK$/litre)

Fung Yip Street, Chai Wan          4.69     4.64
Ngo Cheung Road, West Kowloon  4.69     4.64
Sham Mong Road, Mei Foo           4.44     4.38
Yip Wong Road, Tuen Mun           4.44     4.38
Marsh Road, Wan Chai                4.44     4.38
Fung Mat Road, Sheung Wan       4.38     4.33
Wai Lok Street, Kwun Tong           4.38     4.33
Yuen Chau Tsai, Tai Po               4.38     4.33
Cheung Yip Street, Kowloon Bay    4.42     4.36
Kwai On Road, Kwai Chung          4.42     4.36
Hang Yiu Street, Ma On Shan       4.28     4.22
Tak Yip Street, Yuen Long           4.28     4.22

The spokesman said that the details of the LPG international price and the auto-LPG ceiling price of each dedicated LPG filling station have been uploaded to the department website, www.emsd.gov.hk. They are also posted at dedicated LPG filling stations to enable 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, December 22, 2011
Issued at HKT 10:01

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