Government Services
September 2, 2010
The following is being distributed at the request of the
Board of Commissioners of Public Utilities:
Weekly Adjustment of Maximum Prices of
Regulated Petroleum Products
Effective 12:01 a.m. Thursday,
September 2, 2010, the Public Utilities Board will 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
1.8 or 1.9 cents per litre (cpl);
- diesel motor fuel increased by 2.2 to 2.5 cpl;
- furnace oil and stove oil heating fuel increased by 2.17 cpl; and,
- propane heating fuel increased by 0.5 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 1.65 cpl, resulting in a 1.9 cpl increase, 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, September
9, 2010.
- 30 -
1. Automotive Fuels - Maximum Retail Pump Prices - Effective September 2, 2010
2. Heating Fuels - Maximum Tank Wagon (or**Tank Farm) Prices - Effective September 2, 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 09 02
11:05 a.m. |