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The Electrical and Mechanical Services Department (EMSD) announced today (May 26) an adjustment to the auto liquefied petroleum gas (LPG) ceiling prices for dedicated LPG filling stations from June 1 to June 30, 2006. The adjustment is made according to the terms and conditions of the contract of the dedicated LPG filling stations.
An EMSD spokesman said that the adjustment on June 1 reflected the movement of LPG international prices in May. The adjusted auto LPG ceiling prices for dedicated LPG filling stations would range from $2.75 to $3.12 per litre, representing an increase of about $0.18 per litre.
The spokesman pointed out that the auto LPG ceiling prices are adjusted according to a specified pricing formula. The formula comprises two elements - the LPG international price and LPG operating price. The LPG international price is the LPG international price of the preceding month. The LPG operating price will be adjusted on the first day of February every year according to movement in the Composite Consumer Price Index in the previous year.
The following are the auto LPG ceiling prices for respective dedicated LPG filling stations in June:
Location of Auto LPG Auto LPG
Dedicated Ceiling Price Ceiling Price
LPG Filling in June 2006 in May 2006
Stations
(HK$/litre) (HK$/litre)
Fung Yip Street, 3.12 2.94
Chai Wan
Ngo Cheung Road, 3.12 2.94
West Kowloon
Sham Mong Road, 2.90 2.72
Mei Foo
Yip Wong Road, 2.90 2.72
Tuen Mun
Marsh Road, 2.89 2.71
Wan Chai
Fung Mat Road, 2.84 2.67
Sheung Wan
Wai Lok Street, 2.84 2.67
Kwun Tong
Yuen Chau Tsai, 2.84 2.67
Tai Po
Cheung Yip Street, 2.88 2.70
Kowloon Bay
Kwai On Road, 2.88 2.70
Kwai Chung
Hang Yiu Street, 2.75 2.57
Ma On Shan
Tak Yip Street, 2.75 2.57
Yuen Long
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 http://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 new pricing adjustment mechanism for dedicated LPG filling stations can also be viewed under the "What's New" section of the EMSD website.
Ends/Friday, May 26, 2006
Issued at HKT 14:13
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