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 26, 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:

• All types of gasoline motor fuel increased by up to 0.9 cents per litre (cpl);
• Diesel motor fuel decreased by up to 1.8 cpl;
• Furnace oil heating fuel decreased by 1.58 cpl;
• Stove oil heating fuel decreased by 1.46 cpl; and,
• Propane heating fuel increased by 1.20 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 0.78 cpl, resulting in an increase of up to 0.9 cpl, accounting for taxation and rounding.

The next scheduled price change is Thursday, February 2.

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1. Automotive Fuels – Maximum Retail Pump Prices – Effective January 26, 2012
2. Heating Fuels – Maximum Tank Wagon (or ** Tank Farm) Prices – Effective January 26, 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 26             10:25 a.m.