Please use a Javascript-enabled browser. 060109en03006
news.gov.hk  
 From Hong Kong's Information Services Department
*
January 9, 2006
*
*

Fuel

*
New LPG pricing mechanism to launch
*
Environmental Protection Department

The new pricing adjustment mechanism for dedicated liquefied petroleum gas filling stations will be introduced February 1 to solve queuing problems, the Environmental Protection Department says.

 

After implementation, LPG prices will be adjusted according to changes in international prices for the past month.

 

The department, together with the Electrical & Mechanism Services Department, met representatives from the Motor Transport Workers General Union to listen to their views on the mechanism today.

 

The two determining factors of the LPG pricing formula - international prices and operating costs proposed by the operations - will remain unchanged.

 

Only the adjustment frequency will be changed from once every six months to once a month, and this will not add to the operating costs of professional drivers. It is not possible for companies to increase prices quickly and lower prices slowly.

 

International LPG prices will be announced monthly so the transport trade can monitor price adjustments, and meetings will be conducted with operators and transport trade quarterly.