Government Services
December 4, 2008

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

Maximum Fuel Prices Continue Downward Movement

Effective 12:01 a.m., Thursday, December 4, the Public Utilities Board lowered all maximum fuel prices in the province, as per its scheduled biweekly pricing adjustment.

Maximum prices decreased as follows, except in regions currently under a price freeze:

  • All types of gasoline by 2.6 or 2.7 cents per litre (cpl) � depending on the HST rounding impact;
  • Ultra low sulphur diesel by 3.8 or 3.9 cpl � also depending on HST rounding;
  • No. 2 blend furnace oil by 4.71 cpl;
  • Stove oil by 3.88 cpl; and,
  • Residential propane used for home heating purposes by 1.2 cpl.
  • Maximum gasoline prices are now at a nearly four-year low, while the maximum price for furnace oil is comparable to that of one year ago. With today�s adjustment, maximum gasoline prices in this province are 2.9 cpl above the national ex-tax average, according to a national weekly survey (//www.mjervin.com/WPPS_Public.htm) published December 2, 2008.

    Falling commodity prices have been primarily linked to the curb in global demand, as well as a rebound in refined fuel products inventories as a result.

    - 30 -

    1. Automotive Fuels - Maximum Retail Pump Prices - December 4, 2008
    2. Heating Fuels - Maximum Tank Wagon (or ** Tank Farm) Prices - Effective December 4, 2008
    3. Heating Fuels - Residential Propane - Maximum Tank Wagon Prices - Effective December 4, 2008

    Media contact:
    Michelle Hicks
    Communications
    1-866-489-8837, 709-489-8837
    Email: mhicks@pub.nl.ca, or visit the board�s website: www.pub.nl.ca.

    2008 12 04                                                     9:35 a.m.
     


    SearchHomeBack to GovernmentContact Us


    All material copyright the Government of Newfoundland and Labrador. No unauthorized copying or redeployment permitted. The Government assumes no responsibility for the accuracy of any material deployed on an unauthorized server.
    Disclaimer/Copyright/Privacy Statement