Government Services
May 7, 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, May 7, 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 remain suspended for the winter season.
With the exception of Zones 11, 11a, 11b and 14,
maximum fuel prices changed as follows:
Gasoline increased by 0.8 or 0.9 cents per
litre (cpl) � depending on the HST rounding
impact;
Ultra low sulphur diesel (ULSD) decreased by
4.1 cpl;
Furnace oil decreased by 3.32 cpl;
Stove oil decreased by
2.06 cpl; and,
Residential propane used for home heating
purposes decreased by 1.0 cpl.
For Zone 11, the price freeze lifted at this time;
therefore, maximum fuel prices changed as follows:
Gasoline decreased by 3.6 cpl;
Ultra low sulphur diesel (ULSD) decreased by 27.2 cpl; and,
Stove oil decreased by 22.72 cpl.
The suspension of maximum price adjustments remains in
effect for Zones 11a (Coastal Labrador South � Tanker supplied), 11b
(Coastal Labrador South � Drum Delivery) and 14 (Coastal Labrador
North).
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 14-day period by 0.73 cpl, resulting in a 0.8
cpl increase, accounting for taxation and rounding.
The commodity market movements for 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 is not
as expensive to purchase these products.
Seasonal Jet Blend � Furnace Oil
A portion of the decrease in the price of furnace oil
is the result of the removal of the jet blend component. This seasonal
adjustment reflects the costs associated with mixing 75 per cent jet
fuel with 25 per cent furnace oil to improve this fuel�s performance
during the winter months.
The next scheduled price change will occur Thursday,
May 21.
- 30 -
1.
Automotive Fuels � Maximum Retail Pump Prices �
Effective May 7, 2009
2. Heating Fuels � Maximum Tank
Wagon (or ** Tank Farm) Prices � Effective May 7, 2009
3. Heating Fuels �Residential Propane � Maximum Tank
Wagon Prices � Effective May 7, 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 05 07 10:40 a.m.
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