Government Services
November 25, 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 25, 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 0.2 or 0.3 cents per litre (cpl);
- diesel motor fuel decreased by 2.4 or
2.5 cpl;
- furnace oil heating fuel decreased
by 2.28 cpl;
- stove oil heating fuel decreased by
2.11 cpl; and,
- propane heating fuel decreased by 2.3
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 0.26 cpl, resulting in a 0.3 cpl
increase, accounting for taxation and rounding.
The commodity market movements for the period were affected
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,
December 2, 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
November 25, 2010.
2. Heating Fuels - Maximum Tank Wagon
(or**Tank Farm) prices - Effective November 25, 2010.
2010 11 25 10:25 a.m. |