Government Services
February 26, 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 26, 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
decreased by 2.8 or 2.9 cents per litre (cpl) � depending on the HST
rounding impact;
- Ultra low sulphur diesel (ULSD)
decreased by 4.1 or 4.2 cpl � also depending on HST rounding;
- No. 2 blend furnace oil decreased by
3.46 cpl;
- Stove oil decreased by 3.97
cpl; and,
- Residential propane used for
home heating purposes increased 0.7 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) for the last 14
days, converted to Canadian dollars decreased over the period by 2.54
cpl, resulting in a 2.8 cpl decrease, accounting for taxation and
rounding. The commodity market decreases for the period were offset to
some extent by a lower Canadian dollar, which declined an average of
1.24 cents. 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, March 12.
- 30 -
1. Automotive Fuels � Maximum
Retail Pump Prices � Effective February 26, 2009
2. Heating Fuels � Maximum Tank Wagon (or ** Tank Farm) Prices �
Effective February 26, 2009
3. Heating Fuels �Residential Propane � Maximum Tank Wagon Prices �
Effective February 26, 2009
Media contact:
Michelle Hicks
Communications
1-866-489-8800, 709-489-8837
Email:mhicks@pub.nl.ca or visit
the board�s website: www.pub.nl.ca.
2009 02 26
10:00 a.m.
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