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The lifting of the winter fuel price freeze across parts of Labrador has sent prices soaring across the Big Land.<\/p>\n
The Public Utilities Board raised the price in Labrador by 38.8 cents per litre in area of Labrador from the Straits to Red Bay, as well as southern Labrador, including Lodge Bay and Pinsent’s Arm.<\/p>\n
Meanwhile, in Cartwright\u00a0 and the central Labrador region the price went up 40.8 cents per litre.<\/p>\n
The jump is because the annual winter price freeze in these regions was lifted Tuesday. The freeze happens each fall because of the difficulty getting fuel into the region. Prices are set and frozen until the spring when deliveries can resume.<\/p>\n
The south coast of Labrador and the north coast of Labrador are unaffected because the spring fuel delivery hasn\u2019t happened yet and their prices are still frozen.<\/p>\n
The maximum prices across Labrador now range between $1.72 and $2.14. For comparison, on Friday they ranged between $1.48 and $1.98.<\/p>\n
Prices drop across Newfoundland<\/p>\n
Meanwhile, there were decreases in the maximum prices for gasoline in Newfoundland, Labrador West and Churchill Falls. Prices in these regions were already changing daily.<\/p>\n
Diesel and furnace oil had by far the bigger drop in the latest fuel price adjustment.<\/p>\n
The latest shift comes after reports Iran and the United States reached a deal to reopen the Strait of Hormuz, affecting global crude oil markets. Regardless of drivers in the latest adjustment, the latest drop is a moment of good news for consumers in N.L.<\/p>\n
The marker for gasoline was down 2.4 cents per litre as of Tuesday morning. The top retail price on the Avalon Peninsula for a litre of regular gas at a self-serve pump is now just under $1.86.<\/p>\n
Top prices can differ significantly depending on where you are in the province. If you’re on Fogo Island or on the Connaigre Peninsula, for example, that same gas comes with a maximum price of $1.94. Even so, everyone will see the drop.<\/p>\n
On the island, diesel came down by up to 5.2 cents per litre, depending on location. At the same time, diesel in Western Labrador and Churchill Falls was down a sizable 7.7 cents per litre.<\/p>\n
Furnace oil took a per-litre drop of 4.44 cents. The maximum price for stove oil was down 7.42 cents per litre.<\/p>\n
The next price adjustment is scheduled for Wednesday.<\/p>\n
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