Government Services
January 8, 2009The following is being
distributed at the request of the Public Utilities Board�s Petroleum
Pricing Office (PPO):
Automotive, Distillate Maximums Increase After Large
Declines
The Public Utilities Board�s interruption formula criteria were met
for most regulated fuels, and maximum prices for these fuels increased
effective 12:01 a.m., Thursday, January 8, 2009, except in areas
currently under a price freeze.
Maximum prices increased as follows:
all types of gasoline by 6.9 or
7.0 cents per litre (cpl) � depending on the HST rounding impact;
ultra low sulphur diesel by 8.2 or
8.3 cpl � also depending on HST rounding;
No. 2 blend furnace oil by 7.12
cpl; and,
Stove oil by 5.78 cpl.
There was no change to the maximum price of residential propane used
for home heating purposes, as the interruption formula criteria were not
met.
After several months of downward pressure, the commodity markets
gained momentum this past week such that maximum gasoline prices in
Newfoundland and Labrador (NL) saw only its second increase in more than
three months.
- 30 -
1. Automotive Fuels �
Maximum Retail Pump Prices � Effective January 8, 2009,
2. Heating Fuels � Maximum Tank Wagon (or
** Tank Farm) Prices � Effective January 8, 2009.
Media contact:
Michelle Hicks
Communications
1-866-489-8800, 489-8837
mhicks@pub.nl.ca or visit the
board�s website: www.pub.nl.ca.
2009 01 08
10:10 a.m.
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