Government Services
February 11, 2010
The following is being distributed at the
request of the Public Utilities Board’s Petroleum
Pricing Office (PPO):
Weekly Adjustment of Maximum
Prices of Regulated Petroleum Products
Effective 12:01 a.m. Thursday, February 11, 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
0.1 or 0.2 cents per litre (cpl) – depending on the HST
rounding impact;
- Diesel motor fuel decreased by 0.4 or 0.5
cpl – also depending on HST rounding;
- Furnace oil heating fuel decreased by 0.31
cpl;
- Stove oil heating fuel decreased by 0.42
cpl; and,
- Propane heating fuel increased by 0.7 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 0.15 cpl, resulting in a 0.2 cpl decrease, accounting
for taxation and rounding.
The next scheduled price change is Thursday, February
18, 2010.
- 30 -
1. Automotive Fuels – Maximum Retail Pump
Prices – Effective February 11, 2010
2. Heating Fuels – Maximum Tank Wagon (or ** Tank Farm)
Prices – Effective February 11, 2010
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 02 11
10:25 a.m.