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Government Services June 28, 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 June 21, 2007 will remain in effect. Barring any unforeseen events, the next scheduled price change is Thursday, July 5, 2007. -30- Media contact: Michelle Hicks BACKGROUNDER Regulation schedule: On November 23, 2006, the board began setting maximum prices for petroleum products every second Thursday. On the 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, including the interruption formula, can be found on the board�s Web site at www.pub.nl.ca. 2007 06 28 10:55 a.m.
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