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, May 26, 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.
The changes to maximum fuel prices are as follows:
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, decreased over the period by 3.17 cpl, resulting in a 3.6 cpl decrease, accounting for taxation and rounding.
The next scheduled price change is Thursday, June 2.
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1. Automotive Fuels – Maximum
Retail Pump Prices – Effective May 26, 2011
2. Heating Fuels – Maximum Tank
Wagon (or ** Tank Farm) Prices – Effective May 26, 2011
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 05 26 10:55 a.m.