Government Services
May 20, 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 20,
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);
- diesel motor fuel decreased by 1.8
or 1.9 cpl;
- furnace oil and stove oil heating
fuels decreased by 1.29 cpl; and,
- propane heating fuel decreased 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 0.7 cpl,
resulting in a 0.8 cpl decrease, accounting for taxation and rounding.
The next scheduled price change is
Thursday, May 27, 2010.
- 30 -
1. Automotive Fuels - Maximum Retail Pump Prices - Effective May 20,
2010.
2. Heating Fuels - Maximum Tank Wagon (or **Tank Farm) Prices -
Effective May 20, 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 20
10:30 a.m.
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