Government Services
January 15, 2009

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

Small Movements for All Maximum Fuel Prices

The Public Utilities Board has set new maximum prices as per its regular scheduled biweekly announcement, except in areas where a price freeze is in effect.

Effective 12:01 a.m. Thursday, January 15, 2009, maximum prices changed as follows:

  • all types of gasoline decreased 0.2 cents per litre (cpl);
  • ultra low sulphur diesel decreased 0.8 or 0.9 cpl � depending on the HST rounding impact;
  • No. 2 blend furnace oil increased by 0.18 cpl;
  • stove oil rose by 0.35 cpl; and,
  • residential propane used for home heating purposes increased by 0.3 cpl.
    •

    A continued decline in global demand for fuel, along with rebuilding inventories, contributed to some relative stability this past week, as events such as colder weather, the implementation of OPEC production cuts, and supply threats affected fuel prices both positively and negatively affected market-pricing behaviour. Over the seven-day period, the average of data has resulted in very little change in local prices at this time.

    The next scheduled price change will occur Thursday, January 29, 2009.

    - 30 -

    1. Automotive Fuels � Maximum Retail Pump Prices � Effective January 15, 2009
    2. Heating Fuels � Maximum Tank Wagon (or **Tank Farm) Prices � Effective January 15, 2009
    3. Heating Fuels � Residential Propane � Maximum Tank Wagon Prices � Effective January 15, 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 15                                                   10:00 a.m.
     

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