Government Services
October 4, 2007The 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
September 27, 2007 will remain in effect.
Barring any extraordinary events, the next scheduled
price change is Thursday, October 11, 2007.
-30-
BACKGROUNDER
Regulation schedule: On
November 23, 2006, the board began 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 regarding fuel-price regulation can
be found on the board�s Web site at www.pub.nl.ca.
Media contact:
Michelle Hicks, Communications.
1-866-489-8800, 709-489-8837
E-mail:
mhicks@pub.nl.ca
2007 10 04
10:30