**********************************************
The Electrical and Mechanical Services Department today (November 28) announced an adjustment to the auto liquefied petroleum gas (LPG) ceiling prices for dedicated LPG filling stations from December 1 to December 31 in accordance with the terms and conditions of the contract of the dedicated LPG filling stations.
A department spokesman said that the adjustment on December 1 reflected the movement of LPG international prices in November. The adjusted auto LPG ceiling prices for dedicated LPG filling stations will range from $3.95 to $4.33 per litre, representing an increase of $0.37 to $0.38 per litre.
The spokesman said the auto LPG ceiling prices were adjusted according to a specified pricing formula. The formula comprises two elements - the LPG international price and LPG operating price. The LPG international price is the LPG international price of the preceding month. The LPG operating price is adjusted on the first day of February every year according to movements in the Composite Consumer Price Index in the previous year.
The following are the auto LPG ceiling prices for respective dedicated LPG filling stations in December:
Location of Auto LPG Auto LPG
Dedicated Ceiling Price in Ceiling Price in
LPG Filling December 2007 November 2007
Station (HK$/litre) (HK$/litre)
Fung Yip Street, 4.33 3.96
Chai Wan
Ngo Cheung Road, 4.33 3.96
West Kowloon
Sham Mong Road, 4.10 3.72
Mei Foo
Yip Wong Road, 4.10 3.72
Tuen Mun
Marsh Road, 4.09 3.72
Wan Chai
Fung Mat Road, 4.04 3.67
Sheung Wan
Wai Lok Street, 4.04 3.67
Kwun Tong
Yuen Chau Tsai, 4.04 3.67
Tai Po
Cheung Yip Street, 4.08 3.70
Kowloon Bay
Kwai On Road, 4.08 3.70
Kwai Chung
Hang Yiu Street, 3.95 3.57
Ma On Shan
Tak Yip Street, 3.95 3.57
Yuen Long
The spokesman said that details of LPG international prices and the auto LPG ceiling price of each dedicated LPG filling station had been uploaded on the department website www.emsd.gov.hk. They are also posted at dedicated LPG filling stations to help 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/Wednesday, November 28, 2007
Issued at HKT 16:01
NNNN