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September adjustment in auto LPG ceiling prices

     The Electrical and Mechanical Services Department today (August 28) announced an adjustment to the auto liquefied petroleum gas (LPG) ceiling prices for dedicated LPG filling stations from September 1 to September 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 September 1 reflected the movement of LPG international prices in August.  The adjusted auto LPG ceiling prices for dedicated LPG filling stations would range from $4.55 to $4.94 per litre, representing a decrease of $0.24 to $0.25 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 auto LPG ceiling prices for respective dedicated LPG filling stations in September are as follows:

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

Fung Yip Street, Chai Wan         4.94                5.19
Ngo Cheung Road, West Kowloon     4.94                5.19
Sham Mong Road, Mei Foo           4.71                4.95
Yip Wong Road, Tuen Mun           4.71                4.95
Marsh Road, Wan Chai              4.70                4.95
Fung Mat Road, Sheung Wan         4.65                4.90
Wai Lok Street, Kwun Tong         4.65                4.90
Yuen Chau Tsai, Tai Po            4.65                4.90
Cheung Yip Street, Kowloon Bay    4.69                4.93
Kwai On Road, Kwai Chung          4.69                4.93
Hang Yiu Street, Ma On Shan       4.55                4.80
Tak Yip Street, Yuen Long         4.55                4.80

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

Ends/Thursday, August 28, 2008
Issued at HKT 10:12


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