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September 23, 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 23, 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 1.1 or 1.2 cents per litre (cpl);
  • diesel motor fuel decreased by 0.1 or 0.2 cpl;
  • furnace oil and stove oil heating fuel increased by 0.11 cpl; and,
  • propane heating fuel increased by 1.0 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, decreased over the period by 1.01 cpl, resulting in a 1.1 cpl decrease, accounting for taxation and rounding.

    The next scheduled price change is Thursday, Sept. 30, 2010.

    - 30 -

    1. Automotive Fuels - Maximum Retail Pump Prices - Effective September 23, 2010.
    2. Heating Fuels - Maximum Tank Wagon (or**Tank Farm) Prices - Effective September 23, 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 23                                                     10:50 a.m.
     


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