Public Utilities Board�s Petroleum Pricing Office(PPO)- Maximum Fuel Prices Continue to Decline

Government Services
November 20, 2008

Maximum Fuel Prices Continue to Decline

The following is being distributed at the request of the Public Utilities Board�s Petroleum Pricing Office (PPO):

Effective 12:01 a.m. Thursday, November 20, 2008, the Public Utilities Board lowered the maximum prices for all regulated fuel products in Newfoundland and Labrador, as per its scheduled pricing adjustment.

Maximum prices decreased as follows, except in regions where a price freeze is in effect:

All types of gasoline by 3.2 or 3.3 cents per litre (cpl) � depending on the HST rounding impact;
Ultra low sulphur diesel by 3.4 or 3.5 cpl;
No. 2 blend furnace oil by 5.55 cpl;
Stove oil by 5.30 cpl; and,
Residential propane used for home heating purposes by 5.8 cpl.

Maximum gasoline prices in the province are now at levels not seen since January of 2005. The board will continue to monitor market data and set maximum prices accordingly.

For further information, visit the board�s website: www.pub.nl.ca.

- 30 �

1. Automotive Fuel Maximum Retail Pump Prices - November 20, 2008
2. Heating Fuels Maximum Tank Wagon (or ** Tank Farm) Prices - Effective November 20, 2008
3. Heating Fuels - Residential Propane - Maximum Tank Wagon Prices - Effective November 20, 2008

Media contact:
Public Utilities Board
Grand Falls-Windsor Office
1-866-489-8800

2008 11 20 10:05 a.m
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