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 12, 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.
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 1.5 cpl, resulting in a 1.6 cpl increase accounting for taxation and rounding.
The next scheduled price change is Thursday, January 19.
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1.
Automotive Fuels – Maximum
Retail Pump Prices – Effective January 12, 2012
2.
Heating Fuels – Maximum
Tank Wagon (or ** Tank Farm) Prices – Effective January 12, 2012
Media contact:
Cheryl Blundon
Director Corporate Services
1-866-782-0006
E-mail: cblundon@pub.nl.ca or visit the board’s website:
www.pub.nl.ca.
2012 01 12 10:00 a.m.