Government Services May 17, 2007 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 diesels, furnace/stove oil and residential propane. Therefore, the maximum prices last established May 10, 2007, will remain in effect. Barring any unforeseen circumstances, the next scheduled price change will occur Thursday, May 24, 2007. -30- Media contact: BACKGROUNDER Regulation schedule: The board sets maximum prices for petroleum products every second Thursday. 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 regarding fuel-price regulation can be found on the board�s Web site at www.pub.nl.ca. 2007 05 17 10:45 a.m.
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