Pricing Adjustment Mechanism for Auto-LPG at Dedicated LPG Filling Stations

The ceiling price (P) of liquefied petroleum gas (LPG) at dedicated LPG filling stations comprises two elements, namely LPG international price (A) and LPG operating price (B). The ceiling price is determined by the pricing formula: P = A + B. The upward and downward movements of LPG international price (A) are directly reflected on the pump prices at dedicated LPG filling stations. Apart from the yearly adjustment according to the year-on-year rate of change of the Composite Consumer Price Index (C) for the previous year, the LPG operating price (B) is fixed throughout the 21-year contractual period.

  1. Movements of LPG international price (A)

    The LPG international prices (HK$/litre) used in the pricing formula, which are calculated from the monthly contract prices of LPG from Saudi Arabia, are as follows:

    YearJanFebMarAprMayJunJulAugSepOctNovDec
    2002 0.908 0.839 0.818 0.833 0.927 0.936 0.936 0.979 1.101 1.266 1.404 1.403
    2003 1.447 1.580 1.577 1.350 0.927 1.025 1.135 1.135 1.152 1.093 1.196 1.339
    2004 1.368 1.412 1.136 1.256 1.370 1.501 1.412 1.466 1.644 1.721 2.011 1.815
    2005 1.587 1.588 1.633 1.790 1.810 1.691 1.712 1.729 1.881 2.215 2.343 2.296
    2006 2.483 2.669 2.263 1.828 2.006 2.006 2.145 2.340 2.400 2.071 1.988 2.101
    2007 2.346 2.258 2.175 2.324 2.454 2.608 2.533 2.571 2.469 2.817 3.190 3.756
    2008 3.749 3.451 3.534 3.478 3.669 3.917 4.024 3.782 3.559 3.447 2.092 1.435
    2009 1.621 2.156 1.946 1.715 1.681 1.864 2.252 2.180 2.500 2.513 2.815 3.101
    2010 3.143 3.140 3.076 3.067 3.067 2.871 2.666 2.521 2.754 2.981 3.378 3.982
    2011 3.955 3.482 3.635 3.797 4.192 3.868 3.612 3.729 3.615 3.393 3.390 3.447
    2012 3.818 4.405 5.100 4.244 3.714 3.159 2.590 3.308 4.021 4.195 4.300 4.129

  2. Year-on-year rate of change of the Composite Consumer Price Index (C)

    The LPG operating price (B) will be adjusted on the first day of February every year according to the year-on-year rate of change of the Composite Consumer Price Index (C) for the previous year. The past year-on-year rate of change of the Composite Consumer Price Indices are as follows:

    YearYear-on-year rate of change of the Composite Consumer Price Index (C) for the previous year
    2001 -3.8%
    2002 -1.6%
    2003 -3.0%
    2004 -2.6%
    2005 -0.4%
    2006 +1.1%
    2007 +2.0%
    2008 +2.0%
    2009 +4.3%
    2010 +0.5%
    2011 +2.4%
    2012 +5.3%

  3. Ceiling price of LPG

    The calculated LPG ceiling prices (HK$/litre) for respective dedicated LPG filling stations are as follows:

    Location of Dedicated
    LPG Filling Station    		LPG ceiling prices for Dedicated LPG filling stations (HK$/litre)
    20122013
    FebMarAprMayJunJulAugSepOctNovDecJan
    Fung Yip Street,
    Chai Wan    		 5.13 5.72 6.41 5.56 5.03 4.47 3.90 4.62 5.33 5.51 5.61 5.44
    Ngo Cheung Road,
    West Kowloon    		 5.13 5.72 6.41 5.56 5.03 4.47 3.90 4.62 5.33 5.51 5.61 5.44
    Sham Mong Road,
    Mei Foo    		 4.86 5.45 6.15 5.29 4.76 4.21 3.64 4.35 5.07 5.24 5.35 5.17
    Yip Wong Road,
    Tuen Mun    		 4.86 5.45 6.15 5.29 4.76 4.21 3.64 4.35 5.07 5.24 5.35 5.17
    Marsh Road,
    Wan Chai    		 4.86 5.45 6.14 5.28 4.75 4.20 3.63 4.35 5.06 5.24 5.34 5.17
    Fung Mat Road,
    Sheung Wan    		 4.80 5.39 6.08 5.23 4.70 4.14 3.57 4.29 5.01 5.18 5.28 5.11
    Wai Lok Street,
    Kwun Tong    		 4.80 5.39 6.08 5.23 4.70 4.14 3.57 4.29 5.01 5.18 5.28 5.11
    Yuen Chau Tsai,
    Tai Po    		 4.80 5.39 6.08 5.23 4.70 4.14 3.57 4.29 5.01 5.18 5.28 5.11
    Cheung Yip Street,
    Kowloon Bay    		 4.84 5.43 6.12 5.27 4.74 4.18 3.61 4.33 5.04 5.22 5.32 5.15
    Kwai On Road,
    Kwai Chung    		 4.84 5.43 6.12 5.27 4.74 4.18 3.61 4.33 5.04 5.22 5.32 5.15
    Hang Yiu Street,
    Ma On Shan    		 4.69 5.28 5.97 5.12 4.59 4.03 3.46 4.18 4.89 5.07 5.17 5.00
    Tak Yip Street,
    Yuen Long    		 4.69 5.28 5.97 5.12 4.59 4.03 3.46 4.18 4.89 5.07 5.17 5.00

    *Remark: The pricing formula, which determines the LPG ceiling price for dedicated LPG filling stations, comprises two elements, namely the LPG international price and LPG operating price. The values of these two elements are calculated to several decimal places. According to the contract, LPG ceiling price is the sum of these two elements quoted to the nearest cent. Since the LPG operating prices of dedicated LPG filling stations are different, there will be differences in the LPG ceiling prices at these stations.

     

    The monthly adjusted LPG ceiling prices for dedicated LPG filling stations, which took effect from March 2006, can be accessed through the links below:

    1. LPG ceiling prices for dedicated LPG filling stations from 3/2006 to 12/2006
    2. LPG ceiling prices for dedicated LPG filling stations from 1/2007 to 12/2007
    3. LPG ceiling prices for dedicated LPG filling stations from 1/2008 to 12/2008
    4. LPG ceiling prices for dedicated LPG filling stations from 1/2009 to 12/2009
    5. LPG ceiling prices for dedicated LPG filling stations from 1/2010 to 12/2010
    6. LPG ceiling prices for dedicated LPG filling stations from 1/2011 to 12/2011

  4. Movements of LPG international prices and average LPG ceiling prices of dedicated LPG filling stations

    Movement of LPG international prices and average LPG ceiling prices of dedicated LPG filling stations