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Government Services August 14, 2008 The following is being distributed at the request of the Public Utilities Board�s Petroleum Pricing Office (PPO): Most Maximum Fuel Prices Move Downward;
Maximum fuel prices in Newfoundland and Labrador (NL), with the exception of gasoline, were lowered effective 12:01 a.m. Thursday, August 14, when the Public Utilities Board made its biweekly scheduled pricing adjustment.
Maximum prices were changed as follows:
During the past two weeks, prices for
refined fuels have fluctuated despite the steady decline in crude oil
prices. While crude oil is a factor in the pricing movement of each
product, the maximum price for each refined product is based on the
value of the product as it is separately traded on the commodities
exchange. Even with the decline in crude oil prices, gasoline prices
have increased slightly in the context of the seasonal increase in
demand for gasoline and the fall in the value of the Canadian dollar
during this pricing period.
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1.
Automotive Fuels � Maximum Retail Pump Prices � Effective August 14,
2008 Media contact:
2008 08 14 9:45 a.m.
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