The Government has adjusted upward the range of ceiling prices of motor liquefied petroleum gas for dedicated LPG filling stations from August 1, to January 31, 2006.

The Environment, Transport & Works Bureau said this is a six-monthly exercise according to the terms and conditions for the award of the contracts for dedicated stations.

The new ceiling prices will range from $2.42 to $2.79 per litre, an increase of $0.01 per litre.

The ceiling prices are adjusted according to a specified pricing formula which comprises two elements, namely LPG international prices and LPG operating prices.

The slight increase is due to a movement in the LPG international price from January to June 2005 in comparison with July to December 2004.

The bureau pointed out that the actual selling price of motor LPG at a dedicated station might be lower than the ceiling price, depending on the decision of the respective contractor based on market conditions.