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 22, 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 0.1 cpl or experience no change — also depending on HST rounding;
• furnace oil heating fuel decreased by 0.57 cpl;
• stove oil heating fuel decreased by 0.13 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 0.3 cpl, resulting in a 0.3 cpl decrease, accounting for taxation and rounding.

The next scheduled price change is Thursday, April 29, 2010.

- 30 -

1. Automotive Fuels - Maximum Retail Pump Prices - Effective April 22, 2010
2. Heating Fuels - Maximum Tank Wagon (or**Tank Farm) Prices - Effective April 22, 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 22                                                   12:20 p.m.