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Government Services August 27, 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, August 27, 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: 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 decreased over the period by 0.5 cpl, resulting in a 0.6 cpl decrease, accounting for taxation and rounding. The commodity market pricing 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 means it is more costly to purchase these products. The next scheduled price change is Thursday, September 10. - 30 - 1. Maximum Retail Automotive Fuel Prices -
Effective August 27, 2009. Media contact: Michelle Hicks |
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