News Releases
Government Home Search Sitemap Contact Us  

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.
 


SearchHomeBack to GovernmentContact Us


All material copyright the Government of Newfoundland and Labrador. No unauthorized copying or redeployment permitted. The Government assumes no responsibility for the accuracy of any material deployed on an unauthorized server.
Disclaimer/Copyright/Privacy Statement