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- Effective 12:01 a.m. Friday, August 26, 2022, the changes to maximum prices are as follows: all types of gasoline motor fuel will decrease by up to 7.1 cents per litre (cpl); diesel motor fuel will increase by up to 7.9 cpl; furnace oil heating fuel will increase by 6.80 cpl; and stove oil heating fuel will increase by up to 6.80 cpl.
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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.
- Labour Markets
The labour force in Newfoundland and Labrador increased by...
- Methodology
Department of Finance P.O. Box 8700 Main Floor, East Block...
- Demographic Overview
Newfoundland and Labrador’s total fertility rate was 1.22...
- Retail
The highest gains were in Prince Edward Island (+13.3%), the...
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Department of Finance P.O. Box 8700 Main Floor, East Block...
- Labour Markets
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 by...
- An Uncertain Future
- Future Fund
- An Improved — But Volatile — Situation
Coady said the improved situation has resulted in all three of the provincial government's credit agencies moving their outlooks for Newfoundland and Labrador from negative to stable. Oil prices are higher than projected — up from $86 US per barrel to $102 per barrel — and production is up, from 83.1 million barrels to 85.2 million barrels. Total p...
Coady announced the provincial government will contribute $157 million to a fund it will eventually use to pay down debt. Last week, the provincial government announced details of legislation to create what it's calling a "future fund," where it plans to deposit a portion of oil royalties and revenues from the sale of assets over $5 million. Accord...
Coady said the province is seeing "solid" signs of economic growth, but she pointed to rumbles of a global economic recession that could signal potential future difficulties. The provincial government previously hinted at the improved outlook when it announced one-time cheques for residents who earn $125,000 or less would be delivered this fall. Co...
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.
Apr 1, 2022 · The maximum price now of diesel per litre is $2.49 on the Avalon Peninsula, about $2.51 on the Burin and Bonavista Peninsulas and in central Newfoundland, and about $2.50 in the Corner Brook and...
• stove oil heating fuel will increase by up to 6.80 cpl. These maximum prices reflect the change in the average benchmark price of the products since the Board last adjusted maximum prices on Thursday, August 25, 2022.
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.
