Government Services
July 2, 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, July 1, 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 0.1
or 0.2 cents per litre (cpl);
- island diesel motor fuel decreased by 0.6 or 0.7
cpl;
- Labrador diesel motor fuel decreased by 0.4 or
0.5 cpl;
- furnace oil and stove oil heating fuel decreased
by 0.64 cpl; and,
- propane heating fuel decreased by 1.8 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 0.16 cpl, resulting in a
0.2 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, July 8, 2010.
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Media contact:
Michelle Hicks
Communications
1-866-489-8800, 709-489-8837.
mhicks@pub.nl.ca or visit the
board's website: www.pub.nl.ca
1. Automotive Fuels - Maximum Retail Pump Prices -
Effective July 1, 2010.
2. Heating Fuels - Maximum Tank Wagon (or**Tank Farm) Prices - Effective
July 1, 2010.
2010 07 02
11:35 a.m.