Government Services
March 25, 2010The 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 25, 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 decreased by
0.3 or 0.4 cents per litre (cpl) — depending on
the HST rounding impact;
Diesel motor fuel decreased by 0.2 or 0.3 cpl
— also depending on HST rounding;
Furnace oil heating fuel decreased by 0.17 cpl;
Stove oil heating fuel decreased by 0.51 cpl;
and,
Propane heating fuel decreased by 1.5 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 0.28 cpl, resulting in a 0.3 cpl decrease, accounting for
taxation and rounding.
The next scheduled price change is Thursday, April 1,
2010.
- 30 -
- Automotive Fuels - Maximum Retail Pump Prices - Effective March 15,
2010.
- Heating Fuels - Maximum Tank Wagon (or**Tank Farm) Prices -
Effective March 15, 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 03 25
10:15 a.m. |