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
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
- 30 -
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
or visit the
Board�s website: www.pub.nl.ca
2009 07 30 12:20 p.m.