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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.<\/p>\n
The Public Utilities Board made an extraordinary pricing adjustment \u2014 a price change outside of its traditional schedule \u2014 citing upward pressure in commodity markets. The board increased the maximum price of gasoline by 12.4 cents per litre.<\/p>\n
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.<\/p>\n
The board said it is monitoring changes to the market prices, and more extraordinary adjustments to maximum prices are possible in the coming days. <\/p>\n
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.<\/p>\n
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.<\/p>\n
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.<\/p>\n
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.<\/p>\n
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.<\/p>\n
The price of propane was not affected in Saturday’s extraordinary pricing adjustment.<\/p>\n
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