News Releases
Government Home Search Sitemap Contact Us  

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.

 


SearchHomeBack to GovernmentContact Us


All material copyright the Government of Newfoundland and Labrador. No unauthorized copying or redeployment permitted. The Government assumes no responsibility for the accuracy of any material deployed on an unauthorized server.
Disclaimer/Copyright/Privacy Statement