November 18, 2010
The following is being distributed at the request of the Board of
Commissioners of Public Utilities:
Adjustment of Maximum Prices
of Regulated Petroleum Products
Effective 12:01 a.m. Thursday, November 18,
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 increased by 1.8 or 1.9
cents per litre (cpl);
diesel motor fuel decreased by 0.7 to 1.1 cpl;
furnace oil and stove oil heating fuel decreased by 0.41 cpl;
propane heating fuel increased by 2.1 cpl.
These maximum prices reflect the change in the average benchmark
price of the products over the seven-day period ending Tuesday of this
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 1.61 cpl,
resulting in a 1.8 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 25, 2010.
- 30 -
1. Automotive Fuels - Maximum Retail Pump Prices - Effective
2. Heating Fuels - Maximum Tank Wagon (or**Tank Farm) Prices -
Effective November 18, 2010.
or visit the board’s website: www.pub.nl.ca
2010 11 18 10:05 a.m.