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August adjustment in auto LPG ceiling prices

   The Electrical and Mechanical Services Department (EMSD) announced today (July 28) an adjustment to the auto liquefied petroleum gas (LPG) ceiling prices for dedicated LPG filling stations from August 1 to August 31, 2006, in accordance with the terms and conditions of the contract of the dedicated LPG filling stations.

     An EMSD spokesman said the adjustment on August 1 reflected the movement of LPG international prices in July.

     The adjusted auto LPG ceiling prices for dedicated LPG filling stations would range from $2.89 to $3.26 per litre, representing an increase of about $0.14 per litre.

     The spokesman pointed out that the auto LPG ceiling prices were 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 August:

Location of
Dedicated         Auto LPG              Auto LPG
LPG Filling       Ceiling Price         Ceiling Price
Stations          in August 2006        in July 2006    
                  (HK$/litre)           (HK$/litre)
Fung Yip Street,      3.26                 3.12
Chai Wan
Ngo Cheung Road,      3.26                 3.12
West Kowloon
Sham Mong Road,       3.03                 2.90
Mei Foo
Yip Wong Road,        3.03                 2.90
Tuen Mun
Marsh Road,           3.03                 2.89
Wan Chai
Fung Mat Road,        2.98                 2.84
Sheung Wan
Wai Lok Street,       2.98                 2.84
Kwun Tong
Yuen Chau Tsai,       2.98                 2.84
Tai Po
Cheung Yip Street,    3.02                 2.88
Kowloon Bay
Kwai On Road,         3.02                 2.88
Kwai Chung
Hang Yiu Street,      2.89                 2.75
Ma On Shan
Tak Yip Street,       2.89                 2.75
Yuen Long

     The spokesman added that the details of LPG international prices and auto LPG ceiling price of each dedicated LPG filling station were 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 the "What's New" section of the EMSD website.

Ends/Friday, July 28, 2006
Issued at HKT 16:01