Public Utilities Board�s Petroleum Pricing Office (PPO) - No Change for Maximum Regulated Fuel Prices

Government Services
May 31, 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 diesel, furnace/stove oil and residential propane. Therefore, the maximum prices last established May 24, 2007 will remain in effect.

Excluding extraordinary conditions, the next scheduled price change will occur June 7, 2007.

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Media contact:
Michelle Hicks
Communications
1-866-489-8800, 489-8837
E-mail: mhicks@pub.nl.ca

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 31 10:20 a.m.

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