Hong Kong (HKSAR) – The Electrical and Mechanical Services Department today (January 25) announced an adjustment to the auto-LPG (liquefied petroleum gas) ceiling prices for dedicated LPG filling stations from February 1 to February 28, 2014 in accordance with the terms and conditions of the contracts of the dedicated LPG filling stations.
A department spokesman said that the adjustment on February 1, 2014 reflected the movement of the LPG international price in January 2014 and the movement in the Composite Consumer Price Index in 2013. The overall adjusted auto-LPG ceiling prices for dedicated LPG filling stations would range from $5.29 to $5.77 per litre. The ceiling prices of two stations would be reduced by $0.66 per litre and the remaining ten stations would be reduced by $0.68 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.
According to the information from the Census and Statistics Department, the year-on-year rate of change in the Composite Consumer Price Index for 2013 was +4.3%.
The LPG operating prices for dedicated filling stations also increased according to this rate by around $0.04 to $0.06 per litre.
The auto-LPG ceiling prices for respective dedicated LPG filling stations in February 2014 are as follows:
Location ofAuto-LPGAuto-LPG
DedicatedCeilingCeiling
LPG Filling StationPrice inPrice in
February 2014January 2014
(HK$/litre)(HK$/litre)
Fung Yip Street, Chai Wan5.776.43
Ngo Cheung Road, West Kowloon5.776.43
Sham Mong Road, Mei Foo5.476.15
Yip Wong Road, Tuen Mun5.476.15
Marsh Road, Wan Chai5.476.15
Fung Mat Road, Sheung Wan5.416.09
Wai Lok Street, Kwun Tong5.416.09
Yuen Chau Tsai, Tai Po5.416.09
Cheung Yip Street, Kowloon Bay5.456.13
Kwai On Road, Kwai Chung5.456.13
Hang Yiu Street, Ma On Shan5.295.97
Tak Yip Street, Yuen Long5.295.97
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’s website at www.emsd.gov.hk/emsd/eng/welcome/index.shtml.
Source: HKSAR Government
Published on: 2014-01-25
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