Robert: Surprise adjustment to fuel prices sees gas drop by 9 cents

Newfoundland and Labrador is waking up today with some cheaper fuel prices.

Effective today the Public Utilities Board (PUB) has lowered the price of gas, diesel, furnace, and stove oil across the island and in some areas of Labrador.

“Due to recent commodity market developments, the Public Utilities Board will intervene and adjust
maximum prices outside its regular pricing schedule for gasoline motor fuel, diesel motor fuel,
furnace oil heating fuel and stove oil heating fuel,” the PUB explains.

The changes are as follows:

• gasoline motor fuel will decrease by up to 8.9 cents per litre (“cpl”);
•  diesel motor fuel will decrease by up to 7.5 cpl;
•  furnace oil heating fuel will decrease by 6.46 cpl;
•  stove oil heating fuel on the Island will decrease by 6.46 cpl; and,
• stove oil heating fuel in Zones 13 and 13a will decrease by 5.80 cpl

The next scheduled adjustment to fuel prices is Thursday, June 23rd.