March adjustment in ceiling prices for dedicated LPG filling stations

The Electrical and Mechanical Services Department today (February 23) announced an adjustment to the auto-LPG (liquefied petroleum gas) ceiling prices for dedicated LPG filling stations from March 1 to March 31 in accordance with the terms and conditions of the contracts of the dedicated LPG filling stations.

A department spokesman said that the adjustment on March 1 reflected the movement of the LPG international price in February. The adjusted auto-LPG ceiling prices for dedicated LPG filling stations would range from $5.28 to $5.72 per litre, representing an increase of $0.59 per litre.

The spokesman said that the auto-LPG ceiling prices are 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 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 the movement in the Composite Consumer Price Index in the previous year.

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

Location of                                  Auto-LPG      Auto-LPG
dedicated                                       Ceiling      Ceiling
LPG filling station                            price in      price in
                                                 March 2012   February 2012
                                                   (HK$/litre)  (HK$/litre)

Fung Yip Street, Chai Wan                     5.72     5.13
Ngo Cheung Road, West Kowloon           5.72     5.13
Sham Mong Road, Mei Foo                     5.45     4.86
Yip Wong Road, Tuen Mun                     5.45     4.86
Marsh Road, Wan Chai                          5.45     4.86
Fung Mat Road, Sheung Wan                  5.39     4.80
Wai Lok Street, Kwun Tong                     5.39     4.80
Yuen Chau Tsai, Tai Po                           5.39     4.80
Cheung Yip Street, Kowloon Bay              5.43     4.84
Kwai On Road, Kwai Chung                     5.43     4.84
Hang Yiu Street, Ma On Shan                  5.28     4.69
Tak Yip Street, Yuen Long                      5.28     4.69

The spokesman said that the details of the LPG international price and the auto-LPG ceiling price of each dedicated LPG filling station have been uploaded to the department website, www.emsd.gov.hk. They are also 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 "Highlight" section of the department website at www.emsd.gov.hk/emsd/eng/welcome/index.shtml.

Ends/Thursday, February 23, 2012
Issued at HKT 10:01

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