The fuel market in Newfoundland and Labrador experienced significant changes over the weekend due to global tensions affecting oil imports. On Saturday, the Public Utilities Board enacted an unexpected pricing adjustment, citing increased pressure in commodity markets.
Recent Fuel Price Increases
Gasoline prices surged by 12.4 cents per litre. Combined with an earlier adjustment on Friday, the total increase reached 19.1 cents per litre over just two days.
Specific Price Adjustments
- Gasoline: Prices rose by 12.4 cents per litre.
- Diesel: A substantial increase of 26.7 cents per litre in Newfoundland, and 25.9 cents in Labrador West and Churchill Falls.
- Furnace Oil: Increased by 23.2 cents per litre across Newfoundland.
- Stove Oil: Up by 22.4 cents per litre.
Current Fuel Price Ranges
Following the adjustments, the maximum prices for various fuels are as follows:
| Fuel Type | Newfoundland Prices | Labrador Prices |
|---|---|---|
| Gasoline | $1.664 – $1.82 per litre | $1.60 – $1.87 per litre |
| Diesel | $2.23 – $2.36 per litre | $1.75 – $2.37 per litre |
| Furnace Oil | $1.74 – $1.93 per litre | $1.28 – $1.84 per litre |
| Stove Oil | N/A | Prices vary based on location |
Propane prices remained unaffected by this pricing adjustment.
This dramatic shift in fuel prices highlights the volatility in the energy market, influenced by international events. Residents are encouraged to stay informed about ongoing changes in fuel pricing.
