Government Services
August 7, 2008

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 July 31, 2008 will remain in effect.

Barring any extraordinary events, the next scheduled price change will occur Thursday, August 14, 2008.

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

 

BACKGROUNDER

Regulation schedule: The Public Utilities Board sets maximum prices for petroleum products every two weeks on a 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 website at www.pub.nl.ca

2008 08 07                                                       9:35 a.m.


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