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  1. Dec 21, 2023 · The price of gasoline, diesel and stove oil in Labrador are up due to rising costs for suppliers tied to federal clean fuel regulations, according to Newfoundland and Labrador's Public...

    • 1 Fuel Price Update Synopsis
    • 2 Fuel Prices
    • 3 Impact of Fuel Prices on Reimbursement Rates

    Corporate Fleet Services (CFS) has been mandated by the Treasury Board of Canada Secretariat to perform the Annual evaluation of per-kilometre Reimbursement Rates for government employees that are required to use their personal vehicles while performing government business. Furthermore, the periodic impact of varying fuel prices is to be evaluated ...

    2.1 Energy Market Context

    Over the past three months, global crude oil prices have been rising steadily, reaching their highest levels since 2014. Oil prices were at a three-month low on December 1st, 2021 when West Texas Intermediate (WTI) was at $65.57 USD per barrel and Brent stood at $68.87 USD per barrel. Since then, both have been on a relatively steady upward trend recording a period maximum on February 14th, 2022 with WTI reaching $95.46 USD per barrel and Brent $96.48 USD per barrel, an increase of 45.6% and...

    2.2 Gasoline Prices Across Canada

    After a significant decline between September and November of 2021, gasoline prices, similar to crude, have been on the rise since early December, reaching record levels by early February 2022. This rise in prices is quite unusual for winter months as winter-grade gasoline is less expensive to produce than summer-grade. This year however, other factors have played a more important role in the fuel price hike. The rising crude oil prices, diminishing inventories as well as a generally strong d...

    2.3 Sales Taxes

    For the current Update, research was performed to see if there were any relevant changes to Federal and Provincial sales taxes that could have an immediate impact on the Reimbursement Rates. As of the date of this Update, no changes were observed in sales taxes anywhere in Canada as compared to the previous Annual Report. Moreover, no changes are foreseen at this time for the immediate future.

    3.1 Fuel Consumption

    In calculating the fuel costs contribution to the total vehicle operating costs, the methodology employed in the Annual Report was strictly adhered to. Fuel consumption for every vehicle model in the study was thus combined with average prices per Province or Territory to determine the fuel portion of operating costs, based on an average of 20,000 kilometres per year.

    3.2 Updated Reimbursement Rates

    For comparison, the following table provides updated Travel and Commuting Rates, as well as rates previously calculated for the Annual Report (November 2021, for publication on January 1st, 2022): Current Fuel Update Reimbursement Schedule (in dollars per kilometre) Note: All figures were rounded up to the nearest half-cent. The impact of gasoline prices on the Reimbursement Rates was minimal for the present Fuel Update. In comparison with the Annual Report (November 2021, for publication on...

  2. May 20, 2021 · On the Avalon Peninsula, the maximum price of gas is just about $1.46 a litre, while in Labrador South, it'll set you back just under $1.62 per litre. The following chart shows how gas prices...

  3. Feb 17, 2022 · Gas prices in Newfoundland and Labrador are up as of Thursday morning, setting another new record high for the province. Prices are up 1½ cents per litre across the province, according to the...

  4. Note: Price adjustment notices are issued Wednesday each week between 9:00 am and 12:00 noon. If you have not received the weekly pricing notice by 12:00 noon on any Wednesday you should immediately contact the Board toll free at 1-866-782-0006.

  5. Average gasoline prices per litre and per Province or Territory were found to vary between $1.113 in Nunavut to $1.605 in British Columbia with a Canadian average of $1.384, an increase of 9.9 cents from the previous Fuel Update (May 2021 for publication on July 1 st, 2021).

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  7. Jun 25, 2024 · Monthly average retail prices for gasoline and fuel oil for Canada, selected provincial cities, Whitehorse and Yellowknife. Prices are presented for the current month and previous four months. Includes fuel type and the price in cents per litre.