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, January 27, 2011, 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:
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 0.77 cpl, resulting in a 0.9 cpl decrease, accounting for taxation and rounding.
The next scheduled price change is Thursday, February 3, 2011.
- 30 -
1. Automotive Fuels - Maximum Retail Pump Prices - Effective January 27,
2011.
2. Heating Fuels - Maximum Tank Wagon (or**Tank Farm) Prices - Effective
January 27, 2011.
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
2011 01 27 10:25 a.m.