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  1. Brent Crude $CAD Prices Budget 2020 Assumption versus Daily Spot Prices and Year-To-Date (YTD) Averages Fiscal Year 2020-21 0.00 10.00 20.00 30.00 40.00

  2. 117.08. Excluding Applicable Taxes. Propane. Base Zone. 101.9. Excluding Applicable Taxes. Current Maximum Pricing: Motor Fuel - Heating Fuel. Maximum Pricing All Zones. 2022-23 Petroleum Products Pricing Review.

  3. Budget assumptions versus daily Brent spot prices and year-to-date (YTD) averages. Fiscal Year. Note: The daily Brent spot prices are the daily Brent closing spot prices from the U.S. Energy Information Administration.

  4. In 2020, Newfoundland and Labrador’s oil production was 282.7 thousand barrels per day (Mb/d), or 5% of Canada’s overall production and 24% of Canada’s light oil production. ( Figure 1 ).

  5. Effective 12:01 a.m. Thursday, June 16, 2022, the Public Utilities Board set maximum prices for all regulated petroleum products in all areas of the province, except gasoline and diesel motor fuels and stove oil heating fuel in Zones 10, 11, 11a, 11b, and 14. propane heating fuel will decrease by 0.5 cpl.

  6. Maximum prices for certain regulated petroleum products will be adjusted twice this weekend, first on Saturday, April 30, 2022 to reflect an extraordinary adjustment, and then again on Sunday, May 1, 2022 to reflect increases in the carbon tax applicable to gasoline and diesel motor fuels.

  7. Retail Petroleum Product Prices. As of April 10th, 2001, the responsibility for the monitoring of gasoline and residential fuel oil prices in the province was transferred to the Newfoundland and Labrador Petroleum Products Pricing Commission.

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