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Government Services
May 13, 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, May 13,
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 4.6 or 4.7 cents per litre (cpl);
- diesel motor fuel will decrease by 3.4 to 3.7 cpl;
- furnace oil and stove oil heating fuel will decrease by 3.17 cpl; and,
- propane heating fuel will increase by 1.0 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 4.1 cpl,
resulting in a 4.6 cpl decrease, accounting for taxation and rounding.
The commodity market movements for the period were offset 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, May 20, 2010.
- 30 -
1. Automotive
Fuels - Maximum Retail Pump Prices - Effective May 13, 2010
2. Heating
Fuels - Maximum Tank Wagon (or**Tank Farm) Prices - Effective May 13,
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 05 13 10:20 a.m. |
