The ceiling price of liquefied petroleum gas is set to rise. The increase is due to the continual rise in international LPG prices since the previous ceiling adjustment last August.

The increase will affect LPG filling stations from February 1 to July 31. The adjusted ceiling prices range from $1.94 per litre to $2.32 per litre, and are adjusted by a specified pricing formula comprising two elements, namely the LPG international price and LPG operating price.

The former is adjusted twice a year by the average LPG international price during the previous six months, while the latter is adjusted annually according to movement in the Composite Consumer Price Index the previous year.

The actual selling price of LPG at stations may be lower than the ceiling price, depending on the decision of the respective contractor based on market conditions.