Traditional Chinese Simplified Chinese Email this article Government Homepage
Auto LPG ceiling prices for dedicated filling stations to adjust downward in May

    The Electrical and Mechanical Services Department (EMSD) announced today (April 28) an adjustment to the auto liquefied petroleum gas (LPG) ceiling prices for dedicated LPG filling stations from May 1 to May 31, 2006. The adjustment is made according to the terms and conditions of the contract of the dedicated stations.

     An EMSD spokesman said that the adjustment on May 1 reflected the movement of LPG international prices in April. The adjusted auto LPG ceiling prices for dedicated stations would range from $2.57 to $2.94 per litre, representing a decrease of about $0.43 per litre.

     The spokesman pointed out that the ceiling prices are 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 the LPG international price of the preceding month.  The LPG operating price will be adjusted on the first day of February every year according to movement in the Composite Consumer Price Index in the previous year.

     The following are the ceiling prices for respective dedicated LPG filling stations in May:

Location of Dedicated     Auto LPG Ceiling    Auto LPG Ceiling
LPG Filling Stations     Price in May 2006  Price in April 2006
                              (HK$/litre)        (HK$/litre)
Fung Yip Street, Chai Wan        2.94            3.38
Ngo Cheung Road, West Kowloon    2.94            3.38
Sham Mong Road, Mei Foo          2.72            3.15
Yip Wong Road, Tuen Mun          2.72            3.15
Marsh Road, Wan Chai             2.71            3.15
Fung Mat Road, Sheung Wan        2.67            3.10
Wai Lok Street, Kwun Tong        2.67            3.10
Yuen Chau Tsai, Tai Po           2.67            3.10
Cheung Yip Street, Kowloon Bay   2.70            3.13
Kwai On Road, Kwai Chung         2.70            3.13
Hang Yiu Street, Ma On Shan      2.57            3.01
Tak Yip Street, Yuen Long        2.57            3.01

     The spokesman added that details of LPG international prices and auto LPG ceiling price of each dedicated LPG filling station are uploaded on the EMSD website They are also posted at dedicated LPG filling stations to facilitate the trades to monitor the price adjustment. Details of the new pricing adjustment mechanism for dedicated LPG filling stations can also be viewed under "What's New" of the EMSD website.

Ends/Friday, April 28, 2006
Issued at HKT 10:40