Listen to this article
Estimated 2 minutes
The audio version of this article is generated by AI-based technology. Mispronunciations can occur. We are working with our partners to continually review and improve the results.
The price of gasoline, diesel and home heating fuels took a steep jump across Newfoundland and Labrador Saturday morning, driven by the war in the Middle East and its disruption of oil imports.
The Public Utilities Board made an extraordinary pricing adjustment — a price change outside of its traditional schedule — citing upward pressure in commodity markets. The board increased the maximum price of gasoline by 12.4 cents per litre.
Including the regular weekly price adjustment already made on Friday, the price of gas in Newfoundland and Labrador increased by 19.1 cents per litre in two days.
On Saturday, the price of diesel also increased by 26.7 cents per litre across Newfoundland, and by 25.9 cents per litre in Labrador West and Churchill Falls.
Additionally, the price of furnace oil increased by 23.2 cents per litre for customers in Newfoundland, while the price of stove oil increased by over 22.4 cents per litre.
The change means drivers on the island will see maximum gas prices between $1.664 per litre on the Avalon Peninsula, where gas is typically cheapest, to as much as $1.82 per litre in the La Poile area. In Labrador, gas prices now range between $1.60 and $1.87 per litre.
Maximum prices for diesel now range between $2.23 and $2.36 per litre in Newfoundland, and between $1.75 and $2.37 per litre in Labrador.
Furnace oil customers in Newfoundland will now pay between $1.74 and $1.93 per litre depending on their location, while people in Labrador will pay between $1.28 and $1.84 per litre for stove oil depending on where they are in the Big Land.
The price of propane was not affected in Saturday’s extraordinary pricing adjustment.
Download our free CBC News app to sign up for push alerts for CBC Newfoundland and Labrador. Sign up for our daily headlines newsletter here. Click here to visit our landing page.
