Auto LPG ceiling prices will be deducted in March

    The Electrical and Mechanical Services Department today (February 23) announced an adjustment to the auto liquefied petroleum gas (LPG) ceiling prices for dedicated LPG filling stations from March 1 to March 31, 2007, in accordance with the terms and conditions of the contract of the dedicated LPG filling stations.

     A department spokesman said that the adjustment on March 1 reflected the movement of LPG international prices in February. The adjusted auto LPG ceiling prices for dedicated LPG filling stations would range from $3.01 to $3.40 per litre, representing a decrease of $0.08 to $0.09 per litre.

     The spokesman said 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 is 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 March:

Location of                      Auto LPG          Auto LPG
Dedicated                      Ceiling Price     Ceiling Price
LPG Filling Station            in March 2007   in February 2007
                                (HK$/litre)       (HK$/litre)

Fung Yip Street, Chai Wan          3.40               3.49
Ngo Cheung Road, West Kowloon      3.40               3.49
Sham Mong Road, Mei Foo            3.17               3.25
Yip Wong Road, Tuen Mun            3.17               3.25
Marsh Road, Wan Chai               3.16               3.25
Fung Mat Road, Sheung Wan          3.11               3.20
Wai Lok Street, Kwun Tong          3.11               3.20
Yuen Chau Tsai, Tai Po             3.11               3.20
Cheung Yip Street, Kowloon Bay     3.15               3.23
Kwai On Road, Kwai Chung           3.15               3.23
Hang Yiu Street, Ma On Shan        3.01               3.10
Tak Yip Street, Yuen Long          3.01               3.10

     The spokesman said that details of LPG international prices and auto LPG ceiling price of each dedicated LPG filling station had been uploaded on the department 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 department website.

Ends/Friday, February 23, 2007
Issued at HKT 11:01