February 4, 2010
The following is being
distributed at the request of the Public Utilities
Board’s Petroleum Pricing Office (PPO):
Adjustment of Maximum Prices of Regulated Petroleum
Effective 12:01 a.m.
Thursday, February 4, the Public Utilities Board 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 motor fuel decreased by 1.1 or 1.2 cents
per litre (cpl) – depending on the HST rounding
- Diesel motor fuel
decreased by 0.4 or 0.5 cpl – also depending on HST
- Furnace oil heating
fuel decreased by 1.03 cpl;
- Stove oil heating
fuel decreased by 0.7 cpl; and,
- Propane heating fuel
increased by 1.0 cpl.
These maximum prices
reflect the change in the average benchmark price of the
products over the seven-day period ending Tuesday of
this week. As an example, the average benchmark price
for gasoline, as tracked on the New York Mercantile
Exchange (NYMEX) and converted to Canadian dollars,
decreased over the period by 1.05 cpl, resulting in a
1.2 cpl decrease, accounting for taxation and rounding.
The commodity market 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, February. 11, 2010.
- 30 -
Automotive Fuels – Maximum
Retail Pump Prices – Effective February 4, 2010
Heating Fuels – Maximum Tank Wagon (or ** Tank Farm)
Prices – Effective February 4, 2010.
firstname.lastname@example.org or visit the board’s website:
2010 02 04