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Government Services
January 13, 2011

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, January 13, 2011, 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 will change as follows:

• all types of gasoline motor fuel experienced no change or decreased by 0.1 cents per litre (cpl);
• diesel motor fuel increased by 1.2 or 1.3 cpl;
• furnace oil heating fuel increased by 0.10 cpl;
• stove oil heating fuel decreased by 0.10 cpl; and,
• propane heating fuel decreased by 0.3 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 diesel motor fuel for the island, as tracked on the New York Mercantile Exchange (NYMEX) and converted to Canadian dollars, increased over the period by 1.11 cpl, resulting in a 1.3 cpl increase, accounting for taxation and rounding.

The next scheduled price change is Thursday, January 20, 2011.

- 30 -

1. Automotive Fuels – Maximum Retail Pump Prices – Effective January 13, 2010
2. Heating Fuels – Maximum Tank Wagon (or ** Tank Farm) Prices – Effective January 13, 2010

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.

2011 01 13                                                     9:55 a.m.

 
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