Government Services
June 4, 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, June 4, 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 will change as follows:
All types of gasoline increased by 2.3 or 2.4 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;
Furnace and stove oil increased by 1.95 cpl;
and,
Residential propane used for home heating
purposes increased 0.1 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 14-day period by 2.1 cpl, resulting in a 2.4 cpl
increase, accounting for taxation and rounding.
The commodity market increases 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.
The next scheduled price change is Thursday, June 18,
2009.
- 30 -
1.
Automotive Fuels � Maximum Retail Pump Prices �
Effective June 4, 2009
2. Heating Fuels � Maximum Tank
Wagon (or ** Tank Farm) Prices � Effective June 4, 2009
3. Heating Fuels � Residential Propane � Maximum Tank
Wagon Prices � Effective June 4, 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 06 04 10:00 a.m. |