Most fuels increased; propane falls
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.