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Government Services
January 14, 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 Increase in total allowed mark-up for
furnace, stove oil
Effective 12:01 a.m. Thursday, January 14, 2010, the
Public Utilities Board, following its regular adjustment
schedule, set maximum prices for all regulated petroleum
products in 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 4.2 or 4.3 cents per litre (cpl) –
depending on the HST rounding impact;
-
Ultra low sulphur diesel
(ULSD) increased by 4.2 or 4.3 cpl – also depending
on HST rounding.
-
Furnace oil increased
4.45 cpl*;
-
Stove oil increased by
4.84 cpl*; and,
-
Residential propane used
for home heating purposes increased by 4.8 cpl.
* Part of the increase in
the maximum price of furnace and stove oil is a result
of an adjustment to the total allowed mark-up.
The change in maximum prices reflects the change in the
average benchmark price of each product since the last
pricing period. As an example, the average benchmark
price for gasoline, as tracked on the New York
Mercantile Exchange (NYMEX) and converted to Canadian
dollars, increased over the period by 3.8 cpl, resulting
in a 4.3 cpl increase, accounting for taxation and
rounding.
In relation to furnace oil and stove oil, the maximum
price also reflects an increase of 1.0 cpl in the total
allowed mark-up to account for increases in costs
incurred by retailers since the mark-up was last set on
November 15, 2005. The additional 1.0 cpl is based on
documented increases in particular expenses, most
notably salaries, fuel and repairs. This change in the
total allowed mark-up will not impact areas where
maximum price adjustments have been suspended until the
regular pricing adjustments resume in the spring.
The next scheduled price change is Thursday, January 28,
2010.
- 30 -
1. Automotive Fuels –
Maximum Retail Pump Prices – Effective January 14, 2009
2. Heating Fuels – Maximum Tank Wagon (or ** Tank Farm)
Prices – Effective January 14, 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
2010 01 14
10:35 a.m. |
