June adjustment in ceiling prices for dedicated LPG filling stations

The Electrical and Mechanical Services Department today (May 23) announced an adjustment to the auto-LPG (liquefied petroleum gas) ceiling prices for dedicated LPG filling stations from June 1 to June 30, 2013, in accordance with the terms and conditions of the contracts of the dedicated LPG filling stations.

A department spokesman said that the adjustment on June 1, 2013, reflected the movement of the LPG international price in May 2013. The adjusted auto-LPG ceiling prices for dedicated LPG filling stations would range from $4.17 to $4.63 per litre, representing a decrease of $0.24 to $0.25 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 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 June 2013 are as follows:

Location of                    Auto-LPG        Auto-LPG
Dedicated                       Ceiling             Ceiling
LPG Filling Station            Price in           Price in
                                   June 2013          May 2013
                                   (HK$/litre)         (HK$/litre)

Fung Yip Street, Chai Wan    4.63            4.87
Ngo Cheung Road,                 4.63            4.87
West Kowloon
Sham Mong Road, Mei Foo      4.35            4.60
Yip Wong Road, Tuen Mun      4.35            4.60
Marsh Road, Wan Chai             4.34            4.59
Fung Mat Road, Sheung Wan    4.29            4.53
Wai Lok Street, Kwun Tong       4.29            4.53
Yuen Chau Tsai, Tai Po              4.29            4.53
Cheung Yip Street,                     4.33            4.57
Kowloon Bay
Kwai On Road, Kwai Chung     4.33            4.57
Hang Yiu Street,                        4.17            4.42
Ma On Shan
Tak Yip Street, Yuen Long         4.17            4.42

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, May 23, 2013
Issued at HKT 10:01

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