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 From Hong Kong's Information Services Department
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September 29, 2006
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Fuel
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October LPG ceiling prices to rise
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Electrical & Mechanical Services Department

The auto liquefied petroleum gas ceiling prices for dedicated LPG filling stations will be revised to range from $3.14 to $3.52 a litre in October, representing a rise of about six cents a litre, the Electrical & Mechanical Services Department says.

 

The October 1 adjustment reflects the movement of LPG international prices in September. It is made according to the terms and conditions dedicated in the stations' contracts.

 

The ceiling prices are adjusted according to a specified pricing formula. The formula has two elements - the LPG international price and LPG operating price. The LPG international price is the LPG international price of the preceding month.

 

The LPG operating price will be adjusted on the first day of February each year according to the movement in the Composite Consumer Price Index in the previous year.

 

Details of LPG international prices and auto LPG ceiling price of each dedicated LPG filling station are available here.