Government Services
December 31, 2009The
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, December 31, 2009, the Public Utilities
Board, following its regular adjustment schedule, set
maximum prices for all regulated petroleum products in
all areas of the province, except where maximum price
adjustments have been suspended for the winter months.
Maximum fuel prices changed as
follows:
All types of gasoline
increased by 1.4 cents per litre (cpl);
Ultra low sulphur diesel
(ULSD) increasec by 1.5 or 1.6 cpl –
depending on the HST rounding impact;
No. 2 blend furnace oil
increasec by 1.78 cpl;
Stove oil increased by 1.51
cpl; and,
Residential propane used for
home heating purposes increased by 3.0 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 1.2 cpl,
resulting in a 1.4 cpl increase, accounting for
taxation and rounding.
The next scheduled price change is
Thursday, January 14, 2010.
- 30 -
1.
Automotive Fuels – Maximum Retail Pump
Prices – Effective December 31, 2009
2.
Heating Fuels – Maximum Tank Wagon (or
** Tank Farm) Prices – Effective
December, 2009
Media contact:
Michelle Hicks
Communications
1-866-489-8800,
489-8837
Email: mhicks@pub.nl.ca
or visit the Board's website:
www.pub.nl.ca.
2009 12 31 10:00 a.m.
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