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September 30, 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

Thursday, September 30, 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 will increase by 0.1 or 0.2 cents per litre (cpl);
  • diesel motor fuel will increase by 0.1 or 0.2 cpl;
  • furnace oil and stove oil heating fuel will increase by 0.31 cpl; and,
  • propane heating fuel will increase by 0.6 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 0.1 cpl, resulting in a 0.1 cpl increase, accounting for taxation and rounding.

The next scheduled price change is Thursday, October 7, 2010.

- 30 -

1. Automotive Fuels - Maximum Retail Pump Prices - Effective September 30, 2010.
2. Heating Fuels - Maximum Tank Wagon (or**Tank Farm) Prices - Effective September 30, 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 30                                               10:50 a.m.


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