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Auto LPG ceiling prices to be adjusted downward in March

    The Electrical and Mechanical Services Department today (February 28) announced an adjustment to the auto liquefied petroleum gas (LPG) ceiling prices for dedicated LPG filling stations from March 1 to March 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 March 1 reflected the movement of LPG international prices in February. The adjusted auto LPG ceiling prices for dedicated LPG filling stations will range from $4.22 to $4.61 per litre, representing a decrease of $0.29 to $0.30 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 the LPG operating price. The LPG international price is that 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 auto LPG ceiling prices for respective dedicated LPG filling stations in March is as follows:

Location of                        Auto LPG              Auto LPG
Dedicated                          Ceiling Price        Ceiling Price
LPG Filling Station              in March 2008        in February 2008
                                  (HK$/litre)            (HK$/litre)

Fung Yip Street, Chai Wan          4.61                    4.91
Ngo Cheung Road, West Kowloon      4.61                    4.91
Sham Mong Road, Mei Foo            4.38                    4.67
Yip Wong Road, Tuen Mun            4.38                    4.67
Marsh Road, Wan Chai                4.37                    4.67
Fung Mat Road, Sheung Wan          4.32                    4.62
Wai Lok Street, Kwun Tong          4.32                    4.62
Yuen Chau Tsai, Tai Po              4.32                    4.62
Cheung Yip Street, Kowloon Bay      4.36                    4.65
Kwai On Road, Kwai Chung            4.36                    4.65
Hang Yiu Street, Ma On Shan        4.22                    4.52
Tak Yip Street, Yuen Long          4.22                    4.52

    Details of LPG international prices and the auto LPG ceiling price of each dedicated LPG filling station has been uploaded on the department website, They are also posted at dedicated LPG filling stations so that the trades can 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/Thursday, February 28, 2008
Issued at HKT 12:44


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