Government Services
November 12, 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, November
11, 2010, the Public Utilities Board set maximum prices for all
regulated petroleum products in all areas of the province, except where
maximum price adjustments have been suspended for the winter months.
Maximum fuel prices changed as follows:
- All types of gasoline motor fuel
increased by 1.3 or 1.4 cents per litre (cpl);
- Diesel motor fuel increased by 2.7
or 2.8 cpl;
- Furnace oil heating fuel increased
2.46 cpl;
- Stove oil heating fuel increased by
2.33 cpl; and,
- Propane heating fuel increased by
1.1 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 1.21 cpl,
resulting in a 1.4 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, November 18, 2010.
- 30 -
1.
Automotive Fuels — Maximum Retail Pump
Prices — Effective November 11, 2010
2.
Heating Fuels — Maximum Tank Wagon (or ** Tank Farm) Prices —
Effective November 11, 2010
Media contact:
Michelle Hicks
Communications
1-866-489-8800, 489-8837.
Email: mhicks@pub.nl.ca or visit
the board's website: www.pub.nl.ca
2010 11 12
9:25 a.m.
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