Government Services
July 16, 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, July 16, 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:
- all types of gasoline decreased by
5.6 or 5.7 cents per litre (cpl) � depending on the HST rounding
impact;
- ultra low sulphur diesel (ULSD)
decreased by 4.9 or 5.0 cpl � also depending on HST rounding;
- furnace and stove oil decreased by
4.58 cpl; and,
- residential propane used for home
heating purposes decreased 1.7 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 decreased over the period by 4.98 cpl, resulting in a
5.6 cpl decrease, accounting for taxation and rounding. The commodity
market decreases for the period were offset to some extent by a lower
Canadian dollar. Since fuel on the commodity markets is priced in U.S.
currency, a lower Canadian dollar means it is more costly to purchase
these products.
The next scheduled price change is
Thursday, July 30, 2009.
- 30 -
Media contact:
Michelle Hicks
Communications
1-866-489-8800, 489-8837
mhicks@pub.nl.ca
or visit the Board�s website:
www.pub.nl.ca
1.
Automotive Fuels - Maximum Retail Pump Prices - July 16, 2009,
2. Heating Fuels - Maximum Tank Wagon (or
** Tank Farm) Prices - Effective July 16, 2009,
3. Heating Fuels - Residential Propane -
Maximum Tank Wagon prices - Effective July 16, 2009
2009 07 16 11:55 a.m.
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