Adjustment in ceiling prices for dedicated LPG filling stations in August 2023
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A department spokesman said that the adjustment on August 1, 2023, would reflect the movement of the LPG international price in July 2023. The adjusted auto-LPG ceiling prices for dedicated LPG filling stations would range from $2.65 to $3.52 per litre, representing a decrease of $0.26 to $0.27 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 refers to the LPG international price of the preceding month. The LPG operating price is adjusted on February 1 and June 1 annually according to the average movement of the Composite Consumer Price Index and the Nominal Wage Index.
The auto-LPG ceiling prices for respective dedicated LPG filling stations in August 2023 are as follows:
The spokesman said that the details of the LPG international price and the auto-LPG ceiling price for each dedicated LPG filling station had been uploaded to the EMSD website (www.emsd.gov.hk) and 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 "What's New" section of the department website at www.emsd.gov.hk/en/what_s_new/current/index.html.
The dedicated LPG filling stations at Tak Yip Street in Yuen Long and Hang Yiu Street in Ma On Shan are closed for renovation. For details, please refer to the announcement on the EMSD website.
Ends/Tuesday, July 25, 2023
Issued at HKT 14:55
Issued at HKT 14:55
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