Government Services
July 29, 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
29, 2010, the Public Utilities Board set maximum prices for all
regulated petroleum products in all areas of the province.
Maximum fuel prices changed as follows:
- All types of gasoline motor fuel increased by 1.0
or 1.1 cents per litre (cpl);
- Island diesel motor fuel decreased by 0.4 or 0.5
cpl;
- Labrador diesel motor fuel decreased by 0.3 or
0.4 cpl;
- Furnace oil and stove oil heating fuel decreased
by 0.24 cpl; and,
- Propane heating fuel increased by 0.2 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, increased over the
period by 0.9 cpl, resulting in a 1.0 cpl increase, accounting for
taxation and rounding.
The next scheduled price change is Thursday,
August 5, 2010.
- 30 -
1.
Automotive Fuels — Maximum Retail Pump Prices — Effective July 29, 2010
2.
Heating Fuels — Maximum Tank Wagon (or ** Tank Farm) Prices — Effective July 29, 2010
Media contact:
Michelle Hicks
Communications
1-866-489-8800, 489-8837.
Email:
mhicks@pub.nl.ca
or visit the board's website:
www.pub.nl.ca
2010 07 29
10:55 a.m.
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