Government Services
December 9, 2010
The following is being
distributed at the request of the Board of Commissioners of
Public Utilities:
Weekly
Adjustment of Maximum Prices of Regulated Petroleum Products
Effective 12:01 a.m. Thursday,
December 9, 2010, the Public Utilities Board set maximum prices
for all regulated petroleum products in all areas of the
province, except where maximum price adjustments have been
suspended for the winter months.
Maximum fuel prices changed as
follows:
- all types of gasoline motor
fuel increased by 3.5 or 3.6 cents per litre (cpl);
- diesel motor fuel increased
by 3.3 or 3.4 cpl;
- furnace oil heating fuel
increased by 2.62 cpl;
- stove oil heating fuel
increased by 2.71 cpl; and,
- propane heating fuel
increased by 1.7 cpl.
These maximum prices reflect the
change in the average benchmark price of the products over the
seven-day period ending Tuesday of this week. 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 3.17 cpl, resulting in a 3.6 cpl
increase, accounting for taxation and rounding. The commodity
market movements 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 costly to purchase these products.
The next scheduled price change
is Thursday, December 16, 2010.
- 30 -
1. Automotive Fuels - Maximum
Retail Pump Prices - Effective December 9, 2010.
2. Heating Fuels - Maximum Tank Wagon (or **Tank Farm) Prices -
Effective December 9, 2010.
Media contact:
Michelle Hicks
Communications
1-866-489-8800, 489-8837
mhicks@pub.nl.ca or visit
the board's website:
www.pub.nl.ca
2010 12 09
10:45 a.m.
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