January 29, 2009
The following is being distributed at the request of the Public Utilities Board’s Petroleum Pricing Office (PPO):Regular Adjustment of Maximum Prices of Regulated Petroleum Products
Effective 12:01 a.m. Thursday, January 29, 2009, the Public Utilities Board, following its regular adjustment schedule, set maximum prices for all regulated petroleum products in all areas of the province, except where maximum price adjustments have been suspended for the winter season.
Maximum fuel prices changed as follows:
These maximum prices reflect the change in the average benchmark price of the product(s) since the last pricing period. As an example, the average benchmark price for gasoline, as tracked on the New York Mercantile Exchange (NYMEX), converted to Canadian dollars decreased over the period by -0.67 cpl, resulting in a .7/.8 cpl decrease, accounting for taxation and rounding. The commodity market decreases for the period were offset to some extent by a lower Canadian dollar. Since fuel on the commodity markets is priced in U.S. currency, a lower Canadian dollar means it is more costly to purchase these products.
The next scheduled price change will occur Thursday, February, 12, 2009.
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1.Automotive Fuels – Maximum Retail Pump Prices – Effective January 29, 2009
2. Heating Fuels – Maximum Tank Wagon (or ** Tank Farm) Prices – Effective January 29, 2009
3. Heating Fuels – Residential Propane – Maximum Tank Wagon Prices – Effective January 29, 2009
2009 01 29 12:35 p.m.
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