Home - Petroleum Products - Questions and Answers

Question 1: Which fuel products are regulated in Newfoundland and Labrador? 

Question 2: What is the schedule for maximum price adjustments? 

Question 3: When will the Board make an extraordinary price adjustment? 

Question 4: Why are maximum price adjustments for regulated petroleum products suspended for winter and summer in some areas of Labrador?  

Question 5: Why doesn’t the Board notify consumers in advance of changes in maximum fuel prices? 

Question 6: Where does the Board get its pricing information? 

Question 7: How does the Board determine maximum fuel prices in the province?

Question 8: What is the difference between benchmark prices and maximum prices and how are benchmark prices determined? 

Question 9: What is the total allowed mark-up? 

Question 10: Why was an extra 5 cents per litre added to the maximum prices for gasoline on the island when the North Atlantic Refinery went into standby mode in March 2020? 

Question 11: What are the zone differentials? 

Question 12: What taxes are included in maximum prices? 

Question 13: What is the breakdown for the price of a litre of gasoline? 

Question 14: Why can't there be just one price for gasoline for the entire province?

Question 15: Why is a winter blend necessary for some products?

Question 16: Why are fuel prices different in each of the Atlantic provinces if all these provinces have fuel price regulation?

Question 17: What is the relationship between crude oil prices and gasoline motor fuel prices?

Question 18: Why do international events affect fuel prices in Newfoundland and Labrador?

Question 19: Does the US-CDN exchange rate impact the Board’s maximum prices?

Question 20: Newfoundland and Labrador has its own source of offshore oil so why aren't fuel prices cheaper here?

Question 21: Why does the price of heating fuel sometimes increase during the summer months when the temperatures are warmer and one would expect that consumption has decreased?

Question 22: Why does it seem like fuel prices are quick to increase, yet they don't seem to fall as quickly?

Question 23: What do I do if I think I've been overcharged for my fuel purchase?

 

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