Government Services
February 12, 2009The 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, February 12, 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:
- All types of gasoline increased by 3.3 or 3.4 cents per litre (cpl)
� depending on the HST rounding impact;
- Ultra low sulphur diesel (ULSD) decreased by 2.8 or 2.9 cpl �
also depending on HST rounding;
- No. 2 blend furnace oil decreased by 3.50 cpl;
- Stove oil decreased by 2.85 cpl; and.
- Residential propane used for home heating purposes increased by
2.0 cpl.
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) and converted to Canadian dollars, increased
over the period by 2.98 cpl, resulting in a 3.4 cpl increase, accounting
for taxation and rounding. The commodity market increases for gasoline
over the period were offset to some extent by a higher Canadian dollar.
Since fuel on the commodity markets is priced in U.S. currency, a higher
Canadian dollar means it not as expensive to purchase these products.
The next scheduled price change will occur Thursday, Feb. 26, 2009.
- 30 -
1. Automotive Fuels � Maximum Retail Pump Prices � Effective February
12, 2009
2. Heating Fuels � Maximum Tank Wagon (or ** Tank Farm) Prices �
Effective February 12, 2009
3. Heating Fuels � Residential Propane � Maximum Tank Wagon Prices �
Effective February 12, 2009
Media contact:
Michelle Hicks
Communications
1-866-489-8800, 489-8837
Email: mhicks@pub.nl.ca or visit
the Board�s website: www.pub.nl.ca.
2009 02 12
9:40 a.m.