Government
Services
August 5, 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, August 5, 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 0.3 or 0.4
cents per litre (cpl);
- Diesel motor fuel increased by 1.3 to 1.4 cpl;
- Furnace oil and stove oil heating fuel increased by 0.86 cpl;
and,
- Propane heating fuel increased by 2.1 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
0.3 cpl, resulting in a 0.4 cpl increase, accounting for taxation and
rounding. The commodity market movements for the
period were offset to some extent by a higher Canadian dollar. Since
fuel on the commodity markets is priced in U.S. currency, a higher
Canadian dollar means it is not as expensive to purchase these products.
The next scheduled price change is Thursday, August 12, 2010.
- 30 -
1.
Automotive Fuels — Maximum Retail Pump Prices —
Effective August 5, 2010
2.
Heating Fuels — Maximum Tank
Wagon (or ** Tank Farm) Prices — Effective August 5, 2010
Media contact:
David Hillier
Policy and Planning Research Analyst
1-866-489-8800, 489-8837
Visit the board's website: www.pub.nl.ca
2010 08 05 2:10 p.m.
