Tiny rise for gas prices in latest PUB setting

CBC
·2 min read
The Federal Fuel Charge comes into effect Saturday to replace the provincial carbon levy the P.E.I. has been charging.
The PUB's latest weekly setting involved a marginal change in the price of gas. (Carolyn Ryan/CBC)

The price of gasoline went up Thursday across Newfoundland and Labrador, but only a fraction of a penny.

The Public Utilities Board increased the maximum price of gas by just 0.2 cents per litre, putting the maximum price on the Avalon Peninsula — where gas is cheapest — at just over $1.76 per litre.

Other maximum prices vary depending on location in the province, and now range between $1.76 and $1.93 per litre in Newfoundland and between $1.77 and $2.15 per litre in Labrador.

It's the first time in three weeks that the PUB has lifted the ceiling on how much retailers are allowed to charge. Overall, prices have been dropping since May, and are currently about 15 cents lower than six weeks ago.

Diesel increased by 0.6 cents a litre, but decreased by 2.1 cents per litre in Labrador West and Churchill Falls. The change puts maximum prices between $1.76 and $1.88 in Newfoundland and between $1.90 and $2.59 per litre in Labrador.

The price of furnace oil increased by 0.52 cents per litre, meaning customers in Newfoundland will pay a maximum of between $1.12 and $1.30 per litre depending on their location.

The price of stove oil increased by the same amount in Newfoundland, but decreased by 2.66 cents per litre in Labrador West and Churchill Falls. That means maximum prices now range between $1.17 and $1.35 per litre in Newfoundland and between $1.26 and $1.94 per litre in Labrador.

Propane decreased by 1.3 cents per litre, putting maximum prices between 93 cents and $1.06 per litre in Newfoundland and between 79 cents and $1.24 per litre in Labrador.

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