Robert: Gas jumps 11.3 cents per litre

Published on May 10th, 2022 @ 11:30 AM


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The price of gas is on the rise.. again.

The Public Utilities Board has increased the price of gasoline in the province by up to 11.3 cents per litre.

According to the Board, the adjustment is the result of the change in the average benchmark price over the current pricing period. The average benchmark price for gasoline, as tracked on the New York Mercantile Exchange (NYMEX) and converted to Canadian dollars, increased over the period by 9.82 cpl, resulting in an increase of up to 11.3 cpl, accounting for taxation and rounding.

The next scheduled price adjustment will happen Thursday. However, the Board says it continues to monitor the daily benchmark prices for motor fuels and heating fuels using the prescribed sources set out in the Petroleum Products Regulations and will adjust maximum prices outside the scheduled adjustment if circumstances warrant.

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