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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 ProductsEffective 12:01 a.m. Thursday, August 13, 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, with the possibility of slight pricing variations in some zones due to rounding: These maximum prices reflect the change in the average benchmark price of the products 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 period by 4.2 cpl, resulting in a 4.7 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 not as expensive to purchase these products. The next scheduled price change is Thursday, August 27, 2009. - 30 - Automotive Fuels � Maximum Retail Pump Prices � Effective August 13, 20092. Heating Fuels � Maximum Tank Wagon (or ** Tank Farm) Prices � Effective August 13, 2009 Media contact: |
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