November adjustment in ceiling prices for dedicated LPG filling stationsThe Electrical and Mechanical Services Department today (October 25) announced an adjustment to the auto-LPG (liquefied petroleum gas) ceiling prices for dedicated LPG filling stations from November 1 to November 30, 2012, in accordance with the terms and conditions of their contracts.
A department spokesman said that the adjustment on November 1 reflected the movement of the LPG international price in October. The adjusted auto-LPG ceiling prices for dedicated LPG filling stations will range from $5.07 to $5.51 per litre, representing an increase of $0.17 to $0.18 per litre.
The spokesman said that 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 that 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 November are as follows:
Location of Auto-LPG Auto-LPG
Dedicated Ceiling Ceiling
LPG Filling Station Price in Price in
November 2012 October 2012
Fung Yip Street, Chai Wan 5.51 5.33
Ngo Cheung Road, West Kowloon 5.51 5.33
Sham Mong Road, Mei Foo 5.24 5.07
Yip Wong Road, Tuen Mun 5.24 5.07
Marsh Road, Wan Chai 5.24 5.06
Fung Mat Road, Sheung Wan 5.18 5.01
Wai Lok Street, Kwun Tong 5.18 5.01
Yuen Chau Tsai, Tai Po 5.18 5.01
Cheung Yip Street, Kowloon Bay 5.22 5.04
Kwai On Road, Kwai Chung 5.22 5.04
Hang Yiu Street, Ma On Shan 5.07 4.89
Tak Yip Street, Yuen Long 5.07 4.89
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 so that the trades can 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, October 25, 2012
Issued at HKT 10:49