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July 30, 2009

The following is being distributed at the request of the Public Utilities Board�s Petroleum Pricing Office (PPO):

Regular Adjustment of Maximum Prices of Regulated Petroleum Products

Effective 12:01 a.m. Thursday, July 30, 2009, the Public Utilities Board, following its regular adjustment schedule, set maximum prices for all regulated petroleum products in all areas of the province.

Maximum fuel prices changed as follows:

  • All types of gasoline increased by 0.3 cents per litre (cpl);
  • Ultra low sulphur diesel (ULSD) increased by 1.2/1.3 cpl � depending on HST rounding;
  • Furnace oil and stove oil increased by 1.35 cpl; and,
  • Residential propane used for home heating purposes decreased 1.9 cpl.
  • These maximum prices reflect the change in the average benchmark price of the product(s) since the last pricing period. 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 0.26 cpl, resulting in a 0.3 cpl increase, accounting for taxation and rounding. The commodity market increases 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, August 13, 2009.

    - 30 -

    1. Automotive Fuels � Maximum Retail Pump Prices � Effective July 30, 2009
    2. Heating Fuels � Maximum Tank Wagon (or ** Tank Farm) Prices � Effective July 30, 2009
    3. Heating Fuels � Residential Propane � Maximum Tank Wagon Prices � Effective July 30, 2009

    Media contact:
    1-866-489-8800, 489-8877.
    Email: or visit the Board�s website:

    2009 07 30                                                  12:20 p.m.

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