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The maximum price of gasoline has increased by 8.5 cents per litre, topping $2 per litre across the Avalon Peninsula and much of Newfoundland and Labrador.
The Public Utilities Board changed the maximum price on Wednesday. The regulator is temporarily making daily pricing updates due to market fluctuations driven by the war in the Middle East. The PUB typically makes changes only on Fridays.
The increase on Wednesday puts maximum prices across Newfoundland between $2.04 and $2.19 per litre, depending on the location. Maximum prices in Labrador range between $1.60 and $2.14 per litre.
According to the PUB’s historical pricing data, Wednesday is the first day gas prices on the Avalon Peninsula have passed $2 per litre since July 14, 2022.
Other fuels — diesel, furnace oil and stove oil — all decreased in price on Wednesday.
Diesel went down 6.9 cents per litre across much of Newfoundland, and by 3.5 cents per litre in Labrador West and Churchill Falls. The change puts maximum prices between $2.52 and $2.65 per litre across Newfoundland, and between $1.75 and $2.70 per litre across Labrador.
Furnace oil decreased by just under six cents per litre. That means customers in Newfoundland will pay between $1.99 and $2.19 per litre, depending on the location.
The price of stove oil decreased by 1.6 cents per litre in Labrador West and Churchill Falls, putting maximum prices between $1.28 and $2.14 per litre across the Big Land.
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