Government Services
October 28, 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, October 28, 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 1.5 cents per litre (cpl);
- diesel motor fuel increased by 1.2 to
1.4 cpl;
- furnace oil and stove oil heating fuel
increased by 0.58 cpl; and,
- propane heating fuel decreased by 1.5
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,
decreased over the period by 1.33 cpl, resulting in a 1.5 cpl
decrease, accounting for taxation and rounding.
The commodity market movements for the period were offset 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,
November 4, 2010.
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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
1. Automotive Fuels - Maximum
Retail Pump Prices - Effective October 28, 2010.
2. Heating Fuels - Maximum Tank Wagon (or**Tank Farm) Prices -
Effective October 28,2010.
2010 10 28
11:00 a.m. |
