Government Services
April 23, 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, April 23, 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 1.4 or 1.5
cents per litre (cpl) � depending on the HST
rounding impact;
- Ultra low sulphur diesel (ULSD) decreased by
1.2 or 1.3 cpl � also depending on HST rounding;
- No. 2 blend furnace oil decreased by 1.61 cpl;
- Stove oil decreased by 1.28 cpl; and,<
- Residential propane used for home heating
purposes decreased 1.4 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 1.3 cpl, resulting in a 1.5 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.
The next scheduled price change will occur Thursday,
May 7, 2009.
- 30 -
1.
Automotive Fuels � Maximum Retail Pump Prices �
Effective April 23, 2009
2. Heating Fuels � Maximum Tank
Wagon (or ** Tank Farm) Prices � Effective April 23,
2009
3. Heating Fuels �Residential Propane � Maximum
Tank Wagon Prices � Effective April 23, 2009
Media contact:
Michelle Hicks
Communications
1-866-489-8800, 489-8837.
E-mail: mhicks@pub.nl.ca or visit the board�s website:
www.pub.nl.ca.
2009 04 23 9:55 a.m.
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