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Jun 6, 2024 · The PUB's review of petroleum product pricing has a litany of proposed changes. The biggest change would be hikes to gas, diesel and furnace oil prices. (Mike Simms/CBC) The current markup on gas ...
- The Benchmark
- Marking Up
- Then Comes The Taxes
- More Transparency Coming, Says Government
To calculate motor fuel prices each week, the PUB pays for data from Platts U.S. Marketscan, an overview of United States fuel markets which sets a daily "benchmark" price. The benchmark price for gas is influenced by numerous factors, including the price of crude oil and global events like the COVID-19 pandemic and Russia's invasion of Ukraine in ...
Once the PUB has calculated that base price for motor fuel — $1.2477 per litre on the Avalon Peninsula as of Friday — it adds what it calls a "total allowed markup." That markup was $0.2593 per litre of self-service gas on the Avalon Peninsula on Friday. In a statement provided to CBC News, PUB director of corporate services Cheryl Blundon said tha...
After that, it's time to add taxes — which is where the government does have some say in what people pay. In the House of Assembly, Progressive Conservative Opposition members have hammered the provincial government for its gas tax. Finance Minister Siobhan Coady hasn't budged on current taxation, and said eliminating the carbon tax on gas could me...
Last week, Digital Government and Service N.L. Minister Sarah Stoodley announced details of new amendmentsto the Petroleum Products Act, meant to give more transparency to how the PUB calculates fuel prices. "Right now, government doesn't have the information on, for example, what's involved in the total allowed markup. That's kind of a mystery for...
Dec 21, 2023 · The adjustment means prices now range from $1.24 to $1.43 per litre in Newfoundland and from $1.41 to just over $1.94 per litre in Labrador. Propane was the lone fuel to drop in price, down 0.6 ...
Newfoundland and Labrador Public Utilities Board 2022 Petroleum Products Pricing Review – Work Plan 2022 Petroleum Products Pricing Review Page 3 of 4 PHASE II - SUPPLY DYNAMICS, BENCHMARKING AND WHOLESALE MARK-UPS (ALL REGULATED PRODUCTS) Review Component Responsibility Actions/Deliverables Status Start Date Completion Date II-3
If you have not received the weekly pricing notice by 3:00 p.m. on any Wednesday you should immediately contact the Board toll free at 1-866-782-0006 Newfoundland and Labrador Board of Commissioners of Public Utilities Petroleum Pricing Order Effective April 1, 2022 Zone Zone Description Maximum Wholesale Prices Diesel Maximum Wholesale Motor ...
Jun 30, 2023 · In 2030, the carbon price and clean fuel regulations together could add anywhere from about 45.15 cents to about 56.2 cents per litre. The federal government rebates the cost of the carbon price through quarterly cheques in the eight provinces that use the federal system rather than their own provincial equivalent.
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May 20, 2021 · The maximum price of gas is up 1.6 cents a litre, diesel is up 0.8 cents per litre, and furnace and stove oil are both up 0.65 cents per litre. Propane is down by just under one cent per litre. On ...
