October adjustment in Auto LPG ceiling prices

     The Electrical and Mechanical Services Department today (September 26) announced an adjustment to the auto liquefied petroleum gas (LPG) ceiling prices for dedicated LPG filling stations from October 1 to October 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 October 1 reflected the movement of LPG international prices in September.  The adjusted auto LPG ceiling prices for dedicated LPG filling stations will range from $4.33 to $4.72 per litre, representing a decrease of $0.22 to $0.23 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 movements in the Composite Consumer Price Index in the previous year.

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

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

Fung Yip Street, Chai Wan        4.72        4.94
Ngo Cheung Road, West Kowloon    4.72        4.94
Sham Mong Road, Mei Foo          4.48        4.71
Yip Wong Road, Tuen Mun          4.48        4.71
Marsh Road, Wan Chai             4.48        4.70
Fung Mat Road, Sheung Wan        4.43        4.65
Wai Lok Street, Kwun Tong        4.43        4.65
Yuen Chau Tsai, Tai Po           4.43        4.65
Cheung Yip Street, Kowloon Bay   4.46        4.69
Kwai On Road, Kwai Chung         4.46        4.69
Hang Yiu Street, Ma On Shan      4.33        4.55
Tak Yip Street, Yuen Long        4.33        4.55

     Details of LPG international prices and the auto LPG ceiling price of each dedicated LPG filling station has been uploaded on the department website, www.emsd.gov.hk.  They are also posted at dedicated LPG filling stations to allow 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 "Highlight" section on the department website at www.emsd.gov.hk/emsd/eng/welcome/index.shtml.

Ends/Friday, September 26, 2008
Issued at HKT 11:01