Regular Adjustment of Maximum Prices of Regulated
Petroleum Products
Effective 12:01 a.m. Thursday, April 9, 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 0.6 or 0.7 cents per litre
(cpl) � depending on the HST rounding impact;
Ultra low sulphur diesel (ULSD) experienced either no change
or decrease by 0.1 cpl � also depending on HST
rounding;
No. 2 blend furnace oil increased by 3.60 cpl;
Stove oil increased by 3.51 cpl; and.
Residential propane used for home heating purposes decreased
by 1.8 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), converted to Canadian dollars increased
over the period by 0.6166 cpl, resulting in a 0.6 or 0.7 cpl
increase, accounting for taxation and rounding. The
commodity market movements for the period were affected 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 is not as
expensive to purchase these products.
