Government Services
November 19, 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, November 19, 2009, the Public Utilities Board,
following its regular adjustment schedule, set maximum
prices for all regulated petroleum products in all areas
of the province, except in areas where maximum price
adjustments have been suspended for the winter months.
Maximum fuel prices will change as follows:
- All types of
gasoline decreased by 2.2 or 2.3 cents per litre (cpl)
� depending on the HST rounding impact;
- Ultra low sulphur
diesel (ULSD) decreased by 1.9 or 2.0 cpl � also
depending on HST rounding;
- No. 2 blend furnace
oil decreased by 1.62 cpl;
- Stove oil decreased
by 1.35 cpl, and;
- Residential propane
used for home heating purposes increased by 0.7 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), converted to
Canadian dollars decreased over the period by 2.0 cpl,
resulting in a 2.3 cpl decrease, accounting for taxation
and rounding. The higher Canadian dollar also
contributed to the price decreases for this period.
Since fuel on the commodity markets is priced in U.S.
currency, a higher Canadian dollar means prices are
lower than they otherwise would have been.
The next scheduled price change is Thursday, December 3,
2009.
- 30 -
1. Automotive Fuels �
Maximum Retail Pump Prices � Effective November 19, 2009
2. Heating Fuels � Maximum Tank Wagon (or ** Tank Farm)
Prices � Effective November 19, 2009
Media contact:
Michelle Hicks
Communications
1-866-489-8800, 489-8837
Email:
mhicks@pub.nl.ca or visit the Board�s website:
www.pub.nl.ca
2009 11 19
9:20 a.m. |
