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Government Services January 25, 2007 The following is being distributed at the request of the Public Utilities Board's Petroleum Pricing Office (PPO): Status Quo 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 Jan. 18, 2007 will remain in effect. In the absence of extraordinary conditions, the Board�s next scheduled pricing adjustment is February 1, 2007. -30- Media contact: BACKGROUNDER Regulation schedule: The Board establishes the 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 about fuel-price regulation and the IF can be found on the Board�s website at www.pub.nl.ca, or via this link under the heading "Overview of the New Regulatory Pricing Model." 2007 01 25
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