Government Services
May 21, 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 21, 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 1.2 or 1.3
cents per litre (cpl) � depending on the HST rounding
impact;
Ultra low sulphur diesel (ULSD) increased by 1.9
or 2.0 cpl � also depending on HST rounding;
No. 2 blend furnace oil and stove oil increased
by 1.99 cpl; and,
Residential propane used for home heating
purposes increased by 0.2 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 1.09 cpl, resulting in a 1.2 cpl
increase in the maximum price, accounting for taxation and rounding. The
commodity market increases for most products during this 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.
The next scheduled price change is
