Adjustment in ceiling prices for dedicated LPG filling stations in July 2023
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A department spokesman said that the adjustment on July 1, 2023, would reflect the movement of the LPG international prices in June 2023 and the new LPG operating price adjustment mechanism adopted after renovation of dedicated LPG filling stations. The overall adjusted auto-LPG ceiling prices for dedicated LPG filling stations would range from $2.91 to $3.78 per litre.
The spokesman said that 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 refers to the LPG international price of the preceding month. The LPG operating price under the new adjustment mechanism is adjusted on February 1 and June 1 annually according to the average movement of the Composite Consumer Price Index and the Nominal Wage Index. The latest year-on-year rates of change of the Composite Consumer Price Index and the Nominal Wage Index are +1.9 per cent and +2.2 per cent respectively.
The auto-LPG ceiling prices for respective dedicated LPG filling stations in July 2023 are as follows:
The spokesman said that the details of the LPG international price and the auto-LPG ceiling price for each dedicated LPG filling station had been uploaded to the EMSD website (www.emsd.gov.hk) and posted at dedicated LPG filling stations to enable the trades to monitor the price adjustment.
Details of the pricing adjustment mechanism for dedicated LPG filling stations can also be viewed under the "What's New" section of the EMSD website at www.emsd.gov.hk/en/what_s_new/current/index.html.
Ends/Wednesday, June 21, 2023
Issued at HKT 11:00
Issued at HKT 11:00
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