Government Services
April 1, 2010
The following is being distributed at the request of the Public
Utilities Board's Petroleum Pricing Office:
Weekly
Adjustment of Maximum Prices
of Regulated Petroleum Products
Effective 12:01 a.m. Thursday, April 1, 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 0.8 or 0.9
cents per litre (cpl) — depending on the HST
rounding impact;
diesel motor fuel increased by 0.2 cpl — also
depending on HST rounding;
furnace oil heating fuel increased by 0.44 cpl;
stove oil heating fuel increased by 0.38 cpl; and,
propane heating fuel decreased by 0.8 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 0.77 cpl,
resulting in a 0.9 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, April 8, 2010.
- 30 -
1. Automotive Fuels - Maximum Retail Pump Prices - Effective April 1, 2010.
2. Heating Fuels - Maximum Tank Wagon (or**Tank Farm) Prices - Effective April 1, 2010.
Media contact:
Michelle Hicks
Communications
1-866-489-8800, 489-8837
mhicks@pub.nl.ca or visit the board's website:
www.pub.nl.ca
2010 04 01 9:45 a.m.
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