June adjustment in auto LPG ceiling prices

The Electrical and Mechanical Services Department (EMSD) announced today (May 26) an adjustment to the auto liquefied petroleum gas (LPG) ceiling prices for dedicated LPG filling stations from June 1 to June 30, 2006. The adjustment is made according to the terms and conditions of the contract of the dedicated LPG filling stations.

An EMSD spokesman said that the adjustment on June 1 reflected the movement of LPG international prices in May. The adjusted auto LPG ceiling prices for dedicated LPG filling stations would range from $2.75 to $3.12 per litre, representing an increase of about $0.18 per litre.

The spokesman pointed out that the auto LPG ceiling prices are 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 will be adjusted on the first day of February every year according to movement in the Composite Consumer Price Index in the previous year.

     The following are the auto LPG ceiling prices for respective dedicated LPG filling stations in June:

 

 Location of  Dedicated LPG Filling Stations

 

 Auto LPG Ceiling Pricein June 2006(HK$/litre)

 

Auto LPG Ceiling Price in May 2006 (HK$/litre)

 
 Fung Yip Street, Chai Wan     3.12                2.94
 Ngo Cheung Road, West Kowloon  3.12                2.94
Sham Mong Road, Mei Foo        2.90                2.72
Yip Wong Road, Tuen Mun     
 2.90                2.72
Marsh Road, Wan Chai         
  2.89                2.71
 Fung Mat Road,  Sheung Wan                       2.84                2.67
 Wai Lok Street, Kwun Tong       2.84                2.67
 Yuen Chau Tsai, Tai Po       2.84                2.67
 Cheung Yip Street, Kowloon Bay   2.88                2.70
 Kwai On Road, Kwai Chung         2.88                2.70
 Hang Yiu Street, Ma On Shan     2.75                2.57
 Tak Yip Street,  Yuen Long         2.75                2.57

The spokesman added that details of LPG international prices and auto LPG ceiling price of each dedicated LPG filling station are uploaded on the EMSD website http://www.emsd.gov.hk. They are also posted at dedicated LPG filling stations to facilitate 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 EMSD website.

Ends/Friday, May 26, 2006
Issued at HKT 14:13

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