Government Services
December 29, 2008The
following is being distributed at the request of the Public Utilities
Board�s Petroleum Pricing Office (PPO):
No Change for Maximum
Regulated Fuel Prices
The criteria for the Public
Utilities Board and its Petroleum Pricing Office�s interruption formula
(IF) were not met for either of the fuels regulated in Newfoundland and
Labrador, including all types of gasoline, automotive diesel,
furnace/stove oil and residential propane. Therefore, the maximum prices
last established December 18, 2008 will remain in effect.
Barring any extraordinary events, the next scheduled price change will
occur Thursday, January 1, 2009.
More information regarding fuel-price regulation can be found on the
board�s website at www.pub.nl.ca.
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Media contact:
Michelle Hicks
Communications
1-866-489-8800, 709-489-8837
E-mail: mhicks@pub.nl.ca
BACKGROUNDER
Regulation schedule: The Public
Utilities Board sets maximum prices for petroleum products every two
weeks on a Thursday. Every Thursday following a scheduled adjustment,
consumers will experience either no change in price or a change
triggered by the criteria being met for the interruption formula (IF).
2008 12 29
10:10 a.m.