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Shell Adjusts Domestic LPG Price

30/10/2009

Shell Hong Kong Limited announces that there will be a price increase on Shell domestic LPG of HK$0.84 per kg and HK$2.05 per cubic metre according to the current pricing mechanism.  Effective from 0000 hour on October 31, 2009 (Saturday), the new wholesale price for domestic cylinder LPG will be HK$10.47 per kg, and the listed price for domestic piped-in LPG will be HK$32.45 per cubic metre.

 

 

 New Price
Shell Gas – Domestic Cylinder Wholesale Price(HK$ per kg)$10.47
Shell Gas – Domestic Piped-in List Price(HK$ per cubic metre)$32.45

 

“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,” 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 3 months. The adjustment reflects mainly the difference between the forecast and actual import prices for the past 3 months and the forecast price for the coming 3 months.  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:  
Jacqueline Wong, Communications Manager

Tel: 2506 7341 / Fax: 2506 1029

 

 

 

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