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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. 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. Detailed breakdown of maximum prices for all zones. Zone 1 Zone 1a Zone 1ANE Zone 1ANW Zone 1AS Zone 2 Zone 3 Zone 3a Zone 3b Zone 3c

  4. Production data is available until April, but average market prices are available for May and provide a glance at the situation for the next release. Brent crude oil prices increased in May 2024, averaging US$81.75/barrel, up 8.3% from US$75.47/barrel in May 2023.

  5. Petroleum Pricing Schedule: Price adjustments on gas, diesel, and furnace oil take effect at 12:01 a.m. every Friday. Price adjustments on propane take effect at 12:01 a.m. every second Friday.

  6. RPP prices have been regulated by the Newfoundland and Labrador Board of Commissioners of Public Utilities since 2004. The Board sets maximum retail prices for heating oil, gasoline, and diesel using spot market pricing and adding wholesale and retail margins, transportation costs, and taxes. Prices are revised every week or as required to ...

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  8. 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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