Most fu­els in­creased; propane falls

The Southern Gazette - - NEWS -

An­other three and a-half cents a litre was tacked on to gas pump prices for mo­torists Thurs­day.

The Pub­lic Util­i­ties Board ad­justed max­i­mum prices for all reg­u­lated petroleum prod­ucts in all ar­eas of the prov­ince, ex­cept where price ad­just­ments have been sus­pended for the win­ter sea­son. Max­i­mum fuel price changes in­clude: - all types of gaso­line will in­crease by 3.6/3.7 cents per litre (cpl) – de­pend­ing on the HST round­ing im­pact;

- ul­tra low sul­phur diesel (ULSD) will in­crease by 0.7/0.8 cpl – also de­pend­ing on HST round­ing; - No. 2 blend fur­nace oil will in­crease by 0.07 cpl; - stove oil will in­crease by 0.21 cpl; and - res­i­den­tial propane used for home heat­ing pur­poses will de­crease 4.9 cpl.

Burin Penin­sula gas pump prices now stand at 96.6 cpl for reg­u­lar, self serve gaso­line; 99.6 cpl for full ser­vice and 92.8 cpl for diesel.

Heat­ing fu­els are now 63.96 cpl for fur­nace oil; stove oil is 67.74 cpl and propane is 73.6 cpl.

The max­i­mum prices re­flect the change in the av­er­age bench­mark price for gaso­line, as tracked on the New York Mer­can­tile Ex­change (NYMEX), con­verted to Cana­dian dol­lars in­creased over the lat­est pric­ing pe­riod by 3.26 cpl, re­sult­ing in a 3.7 cpl in­crease, ac­count­ing for tax­a­tion and round­ing.

The Cana­dian dol­lar de­clined as well an av­er­age of 1.75 cents or 2.2 per cent dur­ing this pe­riod. Since fuel on the com­mod­ity mar­kets is priced in U.S. cur­rency, a lower Cana­dian dol­lar means it is more costly to pur­chase th­ese prod­ucts.

The next sched­uled price change is next Thurs­day, Mar. 26.

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