Government Services
September 24, 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, September 24, 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 3.0 or 3.1 cents per litre (cpl)
� depending on the HST rounding impact;
- Ultra low sulphur
diesel (ULSD) decreased by 1.1 or 1.2 cpl � also
depending on HST rounding;
- Furnace and stove
oil decreased by 1.07 cpl, and;
- Residential propane
used for home heating purposes will increase 1.5
cpl.
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 2.7 cpl,
resulting in a 3.0 cpl decrease, accounting for taxation
and rounding. The higher Canadian dollar also
contributed to the price decreases for this period.
Since fuel on the commodity markets is priced in U.S.
currency, a higher Canadian dollar means it is not as
expensive to purchase these products.
The next scheduled price change is Thursday, October 8,
2009.
- 30 -
1. Automotive Fuels �
Maximum Retail Pump Prices � Effective September 24,
2009
2. Heating Fuels � Maximum Tank Wagon (or ** Tank Farm)
Prices � Effective September 24, 2009
Media contact:
Michelle Hicks
Communications
1-866-489-8800, 709-489-8837
Email:
mhicks@pub.nl.ca or visit the Board�s website:
www.pub.nl.ca.
2009 09 24
9:25 a.m. |
