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Auto LPG ceiling prices to be adjusted in April

    The Electrical and Mechanical Services Department today (March 28) announced an adjustment to the auto liquefied petroleum gas (LPG) ceiling prices for dedicated LPG filling stations from April 1 to April 30 in accordance with the terms and conditions of the contract of the dedicated LPG filling stations.

    A department spokesman said that the adjustment on April 1 reflected the movement of LPG international prices in March. The adjusted auto LPG ceiling prices for dedicated LPG filling stations would range from $4.31 to $4.70 per litre, representing an increase 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 that of the preceding month. The LPG operating price is adjusted on the first day of February every year according to the movement in the Composite Consumer Price Index in the previous year.

    The auto LPG ceiling prices for respective dedicated LPG filling stations in April are as follows:

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

Fung Yip Street, Chai Wan        4.70          4.61
Ngo Cheung Road, West Kowloon    4.70          4.61
Sham Mong Road, Mei Foo          4.46          4.38
Yip Wong Road, Tuen Mun          4.46          4.38
Marsh Road, Wan Chai            4.45          4.37
Fung Mat Road, Sheung Wan        4.41          4.32
Wai Lok Street, Kwun Tong        4.41          4.32
Yuen Chau Tsai, Tai Po          4.41          4.32
Cheung Yip Street, Kowloon Bay  4.44          4.36
Kwai On Road, Kwai Chung        4.44          4.36
Hang Yiu Street, Ma On Shan      4.31          4.22
Tak Yip Street, Yuen Long        4.31          4.22

    Details of LPG international prices and the auto LPG ceiling price of each dedicated LPG filling station has been uploaded on the department's website, 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 at of the department website.

Ends/Friday, March 28, 2008
Issued at HKT 16:00


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