Government Services
October 8, 2009The 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, October 8, 2009, the Public Utilities
Board, following its regular adjustment schedule, will
set maximum prices for all regulated petroleum products
in all areas of the province.
Maximum fuel prices will change as
follows:
all types of gasoline increased
by 3.3 or 3.4 cents per litre (cpl) �
depending on the HST rounding impact;
ultra low sulphur diesel (ULSD)
decreased by 0.5 or 0.6 cpl � also
depending on HST rounding;
furnace and stove oil decreased
by 0.38 cpl, and;
residential propane used for home
heating purposes decreased by 0.5 cpl.
These maximum price changes reflect
the average benchmark price of the products since the
last adjustment. After last week�s 4.7 cpl decrease in
the maximum price of gasoline, the average benchmark
price for gasoline, as tracked on the New York
Mercantile Exchange (NYMEX) and converted to Canadian
dollars, increased by 2.97 cpl, resulting in a 3.4
cpl increase in the maximum price this week. The
maximum prices of the other products reflect changes in
the average benchmark prices and the Canadian dollar
since the last price adjustment for these products two
weeks ago.
The next scheduled price change is
Thursday, Oct. 22, 2009.
- 30 -
1. Automotive Fuels - Maximum Retail Pump Prices -
Effective October 8, 2009
2. Home Heat Fuels - Maximum Retail Prices - Effective
October 8, 2009
Media contact:
Michelle Hicks
Communications
1-866-489-8800, 709-489-8837.
mhicks@pub.nl.ca
or visit the board�s website:
www.pub.nl.ca.
2009 10 08
10:00 a.m.
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