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Sep 4, 2022 · Southern Labrador has to shell out close to $2.50 for a litre of gas, a far cry from what island residents pay. Prices range from a low of $1.66 in St. John’s to a high of the mid $1.70’s in island communities and remote areas of the south coast. Gas is about 40 cents more expensive in the Happy Valley-Goose Bay area than it is in Labrador ...
Apr 29, 2022 · The cost of furnace oil is up 26 cents, bringing the per-litre cost on the Avalon to between $1.93 and $1.97, before any taxes. The cost is over $2 in some rural areas of the island. The 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...
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 ...
Jun 30, 2022 · Gasoline increased by 62.2 cents per litre in the region, raising the maximum price per litre in the region to $2.457. Diesel rose 54.3 cents to $2.41 per litre, while stove oil increased 47.19 ...
Jun 30, 2022 · Prices in Labrador West now sit at $2.219 in Labrador West, $2.16 in Central Labrador and more than $2.24 per litre in Churchill Falls. Diesel saw a decrease across much of the province, down 3.3 cents per litre. Prices range from $2.331 to as high as $2.441 in Newfoundland, and now range from $2.41 per litre to over $2.76 per litre.
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Jun 16, 2022 · The price of most types of fuel is up this morning—with some significant increases in central Labrador. Gas is up by 1.2 cents a litre, while diesel is up by 2.8. Furnace oil is up by 2.38 cents a litre while stove oil on the island is up by the same amount. Stove oil in Labrador West and the Churchill Falls area is up by 5.43 cents a litre.
