Government Services
July 2, 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
Price freeze lifted in Zone 14
Effective 12:01 a.m. Thursday, July 2, 2009, the Public
Utilities Board, following its regular adjustment schedule, set maximum
prices for all regulated petroleum products in all areas of the
province.
Maximum fuel prices changed as follows for all areas
except Zone 14:
all types of gasoline decreased by 1.5 or 1.6
cents per litre (cpl) � depending on the HST rounding
impact;
ultra low sulphur diesel (ULSD) experienced no
change or a 0.1 cpl decrease � also due to HST rounding;
furnace and stove oil decreased by 0.51 cpl; and,
residential propane used for home heating
purposes increased 1.5 cpl.
For Zone 14 (Coastal Labrador North), the price freeze
will be lifted at this time; therefore, maximum fuel prices change as
follows:
gasoline increased by 9.4 cpl;
ultra low sulphur diesel (ULSD) decreased by 15.4
cpl; and,
stove oil decreased by 12.97 cpl.
These maximum prices reflect the change in the average
benchmark price of the products since the last adjustment. As an
example, in Zone 1, the average benchmark price for gasoline, as tracked
on the New York Mercantile Exchange (NYMEX)
and converted to Canadian dollars,
decreased over the period by 1.4 cpl, resulting in a 1.6 cpl decrease,
accounting for taxation and rounding. The
commodity market movements for the period were affected to some extent
by a lower Canadian dollar. Since fuel on the commodity markets is
priced in U.S. currency, a lower Canadian dollar somewhat offsets the
market declines.
The next scheduled price change is Thursday, July 16,
2009.
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Media contact:
Michelle Hicks
Communications
1-866-489-8800, 489-8837
mhicks@pub.nl.ca
Board�s website: www.pub.nl.ca.
1. Automotive Fuels -
Maximum Retail Pump Prices - Effective July 2, 2009
2. Heating Fuels - Maximum Tank Wagon
(or**Tank Farm) Prices - Effective July 2, 2009
3.
Heating Fuels - Residential Propane - Maximum Tank Wagon Prices -
Effective July 2, 2009
2009 07 02
10:20 a.m.
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