Government Services November 30, 2006 The following is being distributed at the request of the Public Utilities Board�s Petroleum Pricing Office (PPO): No Change for Maximum Regulated Fuel Prices The criteria for the Public Utilities
Board and its Petroleum Pricing Office�s interruption formula (IF) were
not met for either of the fuels regulated in Newfoundland and Labrador,
including all types of gasoline, automotive diesel, furnace/stove oil
and residential propane. Therefore, the maximum prices last established
November 23, 2006 will remain in effect. BACKGROUNDER Regulation schedule: On November
23, 2006, the board initiated a new schedule of setting maximum prices
for petroleum products every two weeks. Every Thursday following a
scheduled adjustment, consumers will experience either no change in
price or a change triggered by the criteria being met for the
interruption formula (IF).
More information can be found on the board�s web site at www.pub.nl.ca, or under the heading Overview of the New Regulatory Pricing Model. -30- Media contact: 2006 11 30 9:40 a.m. |
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