Government
Services
August 18, 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 19,
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 decreased by 4.2 or 4.3
cents per litre (cpl);
Diesel motor fuel decreased from 3.3 to 3.5 cpl;
Furnace oil and stove oil heating fuel decreased by 3.04 cpl;
and,
Propane heating fuel experienced no change.
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 3.72 cpl,
resulting in a 4.2 cpl decrease, accounting for taxation and rounding.
The commodity market movements for the period were affected 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
expensive to purchase these products.
The next scheduled price change is Thursday, August 26, 2010.
- 30 -
1.
Automotive Fuels — Maximum Retail Pump Prices —
Effective August 18, 2010
2.
Heating Fuels — Maximum
Tank Wagon (or ** Tank Farm) Prices — Effective August
18, 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 08 18 12:05 p.m.
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