Shell adjusts domestic LPG price
Jul 27, 2012
Shell Hong Kong Limited announces that there will be the largest price decrease on Shell domestic LPG of HK$3.45 per kg and HK$8.41 per cubic metre according to the current pricing mechanism. Effective from 0000 hours on July 28, 2012 (Saturday), the new wholesale price for domestic cylinder LPG will be HK$10.65 per kg, and the listed price for domestic piped-in LPG will be HK$32.89 per cubic metre.
|Shell Gas – Domestic Cylinder Wholesale Price (HK$ per kg)||$10.65|
|Shell Gas – Domestic Piped-in List Price (HK$ per cubic metre)||$32.89|
“Same as before, we adjusted the domestic LPG price according to the established pricing mechanism to reflect the trend of import costs within the review period. The significant decrease shows that the pricing mechanism is effective in reflecting the import prices on LPG prices,” said Ms Anne Yu, General Manager for Shell Gas (LPG) in Hong Kong and Macau.
The current pricing mechanism 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. An annual review of operating cost is incorporated and reflected every January.
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: Bonnie Chu Communications Manager
Tel: 2506 7344
Fax: 2506 1029
Shell Hong Kong Limited
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