Government Services
October 22, 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, October 22, 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 increased by 1.8 or 1.9
cents per litre (cpl) � depending on the HST
rounding impact;
- Ultra low sulphur diesel (ULSD) increased by 3.3
or 3.4 cpl � also depending on HST rounding;
- Furnace and stove oil increased by 3.36 cpl,
and;
- Residential propane used for home heating
purposes decreased 0.1 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 increased over the period by 1.62 cpl, resulting
in a 1.8 cpl increase, accounting for taxation and
rounding. The commodity market movements 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 is not as
expensive to purchase these products.
The next scheduled price change is Thursday, November 5,
2009.
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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 Fuel Prices - Maximum Retail Pump
Prices - Effective October 22, 2009.
2. Home Heat Fuel Prices - Maximum Retail Prices -
Effective October 22, 2009.
2009 10 22
10:50 a.m.
