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Thursday, December 08, 2022

Diesel, domestic heating fuel to increase again for NL customers | Nation World News

Filling Fuel Tanks
Furnace oil took a dramatic jump on Saturday morning, rising more than 14.7 cents a litre. (Laura Meader/CBC)

People in Newfoundland and Labrador are waking up to a third shocking fuel price adjustment by the Public Utilities Board, raising the price of diesel and domestic heating oils by more than 14 cents each on Saturday.

The pub raised the price of diesel by 17 cents a liter in Newfoundland and 18 cents a liter in Labrador. The price of diesel has fluctuated significantly in Labrador, especially in the past three days, as it fell more than 30 cents a liter on Thursday.

Diesel prices now range between $2.76 and $2.87 per liter on the island and between $1.78 and $3.14 per liter in Labrador.

Furnace oil also saw a dramatic increase of over 14.7 cents a liter on Saturday. The new prices put furnace oil between $2.08 and $2.12 per liter on the Avalon Peninsula, $2.12 in central and western Newfoundland, and $2.14 per liter on the island’s northern peninsula.

Stove oil prices also rose on Saturday, at 14.6 cents a liter in Newfoundland and 15.6 cents in Labrador. Customers will see prices between $1.30 and $1.40 per liter in Labrador, while prices in Newfoundland will be between $2.13 and $2.30 per liter.

According to the pub, the increase is thanks to “another significant overnight change in the benchmark used to determine the maximum price” for the affected fuel. The board has revised the fuel price 19 times in the last eight weeks.

Gasoline prices remain unaffected on Saturday, but will increase by an additional 2.6 cents a liter as a result of carbon tax rates that will take effect from May 1 the next day. Diesel will also increase by an additional 3.1 cents a liter on Sunday. tax result.

Read more from CBC Newfoundland and Labrador

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