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  1. 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.

  2. Current Maximum Petroleum Products Pricing for Base Zone: June 27, 2024. Media Release. Reg Self-Serve. Base Zone. 180.1. Diesel. Base Zone. 182.5.

  3. Crude Oil. 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).

  4. Oil Production Up 1.0% in April 2024. According to the Canada-Newfoundland and Labrador Offshore Petroleum Board (C-NLOPB), approximately 6.6 million barrels of oil were extracted from offshore Newfoundland and Labrador in April 2024, representing an increase of 1.0% compared to April 2023.

  5. Mar 25, 2022 · The northeast Avalon is set at $1.65 per litre, central Newfoundland is $1.69, Corner Brook area is $1.66, Stephenville is $1.69 and the Northern Peninsula is $1.67. Stove heating oil increased...

  6. Sep 30, 2021 · Furnace oil increased by 1.96 cents per litre and stove oil increases by 1.96 cents on the island while bumping up by 3.79 cents per litre in Labrador. Propane increases by 3.1 cents per litre....

  7. Oct 6, 2022 · The price of furnace oil in the province by 6.6 cents per litre after the Public Utilities Board's weekly price adjustment. The CBC spoke with St. John's residents about how they are coping...

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