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Ceiling Prices of Motor LPG at Dedicated LPG Filling Stations


The Government announced today (January 30) the adjusted ceiling prices of motor liquefied petroleum gas (LPG) for dedicated LPG filling stations for the period from February 1 to July 31, 2003. This is a six-monthly exercise according to the terms and conditions for the award of the contracts for dedicated stations.

A Government spokesman said the adjusted ceiling prices, ranging from $1.94 per litre to 2.32 per litre, are adjusted based on a specified pricing formula. The formula comprises two elements, namely LPG international price and LPG operating price.

The LPG international price will be adjusted twice a year by the average LPG international price in the preceding six months while the LPG operating price will be adjusted yearly according to movement in the Composite Consumer Price Index in the previous year.

Compared with the previous ceiling prices of $1.66 per litre to 2.05 per litre at the dedicated stations, the present increase in the ceiling prices is due to the continual rise in LPG international price since the last ceiling price adjustment on August 1, 2002.

He pointed out that the actual selling price of motor LPG at a dedicated station may be lower than the ceiling price, depending on the decision of the respective contractor based on market condition.

Below are the motor LPG ceiling prices for respective dedicated LPG filling stations effective from February 1 to July 31, 2003.

Location of Dedicated LPG Motor LPG

Filling Station Ceiling Price

(1/2/2003 to 31/7/2003)

Fung Yip Street, Chai Wan & HK$ 2.32/lit

Ngo Cheung Road, West Kowloon

Fung Mat Road, Sheung Wan; HK$ 2.04/lit

Wai Lok Street, Kwun Tong &

Yuen Chau Tsai, Tai Po

Sham Mong Road, Mei Foo & HK$ 2.09/lit

Yip Wong Road, Tuen Mun

Cheung Yip Street, Kowloon Bay & HK$ 2.07/lit

Kwai On Road, Kwai Chung

Marsh Road, Wan Chai HK$ 2.08/lit

Hang Yiu Street, Ma On Shan & HK$ 1.94/lit

Tak Yip Street, Yuen Long

He added that the next adjustment of the ceiling prices for dedicated LPG filling stations will be on August 1, 2003 again based on the pricing formula specified in each contract.

End/Thursday, January 30, 2003


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