Government Services
March 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, March 11, 2010, 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 increased by 1.2 or 1.3 cents per litre (cpl)
– depending on the HST rounding impact;
-
Diesel motor fuel
increased by 0.2 or 0.3 cpl – also depending on HST
rounding;
-
Furnace oil heating
fuel increased by 0.47 cpl;
-
Stove oil heating
fuel increased by 0.30 cpl; and,
-
Propane heating fuel
decreased by 1.6 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,
increased over the period by 1.07 cpl, resulting in a
1.2 cpl increase, accounting for taxation and rounding.
The commodity market movements for the period were
affected 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, March 18, 2010.
- 30 -
1. Automotive Fuels –
Maximum Retail Pump Prices – Effective March 11, 2010
2. Heating Fuels – Maximum Tank Wagon (or ** Tank Farm)
Prices – Effective March 11, 2010
Media contact:
Michelle Hicks
Communications
1-866-489-8800, 709-489-8837.
Email:
mhicks@pub.nl.ca or visit the board's website:
www.pub.nl.ca
2010 03 11
10:55 a.m.