Government Services
April 15, 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, April 15, 2010, the Public Utilities Board will 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 will change as follows:

  • all types of gasoline motor fuel will decrease by 2.1 cents per litre (cpl);
  • diesel motor fuel will decrease by 0.4 or 0.5 cpl depending on the HST rounding impact;
  • furnace oil heating fuel will decrease by 0.74 cpl;
  • stove oil heating fuel will decrease by 0.49 cpl; and,
  • propane heating fuel will increase by 0.6 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, decreased over the period by 1.86 cpl, resulting in a 2.1 cpl decrease, accounting for taxation and rounding.

    The next scheduled price change is Thursday, April 22, 2010.

    - 30 -

    1. Automotive Fuels - Maximum Retail Pump Prices - Effective April 15, 2010.
    2. Heating Fuels - Maximum Tank Wagon (or**Tank Farm) Prices - Effective April 15, 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 15                                                       10:00 a.m.
     


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