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Government Services
September 16, 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
16, 2010, the Public Utilities Board set maximum prices for all
regulated petroleum products in all areas of the province.
Maximum fuel prices will change as follows:
all types of gasoline motor fuel increased by 1.1 or 1.2
cents per litre (cpl);
diesel motor fuel increased by 0.5 to 0.7 cpl;
furnace oil and stove oil heating fuel increased by 0.68 cpl;
and,
propane heating fuel will experience 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, increased over the period by 1.03 cpl,
resulting in a 1.2 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, September 23, 2010.
- 30 -
1. Automotive Fuels - Maximum Retail Pump Prices - Effective September
16, 2010.
2. Heating Fuels - Maximum Tank Wagon (or**Tank Farm) Prices -
Effective September 16, 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 16 11:55 a.m. |
