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 20, the Public Utilities Board set maximum prices for all regulated petroleum products in all areas of the province.
The changes to maximum fuel prices are 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, increased over the period by 0.53 cpl, resulting in a 0.6 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, October 27.
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1. Automotive Fuels – Maximum Retail Pump Prices – Effective October 20,
2011
2. Heating Fuels – Maximum Tank Wagon (or ** Tank Farm) Prices – Effective
October 20, 2011
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.
2011 10 20 11:05 a.m.