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Shell adjusts domestic LPG price

Shell Hong Kong Limited announces that there will be a price increase on Shell domestic LPG of HK$1.07 per kg and HK$2.61 per cubic metre according to the current pricing mechanism. Effective from 0000 hours on July 27, 2013 (Saturday), the new wholesale price for domestic cylinder LPG will be HK$12.65 per kg, and the listed price for domestic piped-in LPG will be HK$37.76 per cubic metre.
New pricing details are as follows:

New pricing details are as follows:

  New Price
Shell Gas – Domestic Cylinder Wholesale Price (HK$ per kg) $12.65
Shell Gas – Domestic Piped-in List Price (HK$ per cubic metre) $37.76

The current pricing mechanism of domestic LPG has been in place since January 1999. The price is reviewed every quarter. The adjustment reflects mainly the difference between the forecast and actual import prices for the past quarter and the forecast price for the coming quarter. Prudent adjustment is made for every price review based on the latest import price figures.

 

Shell will continue to closely monitor the import prices, and will certainly reduce LPG prices through the pricing mechanism should import costs decrease.

 

For more information, please contact:

Maggie Lam

Communications Manager

Tel: 2506 7341

Fax: 2506 1029