Newfoundland and Labrador's fuel caps fell overnight on Wednesday, Nov. 4. The Public Utilities Board lowered the maximum gasoline price by 10.7 cents a litre across the province just after midnight. CBC reported that a fill-up on the Avalon Peninsula is now below $2 a litre.
Other fuels moved by smaller amounts. Diesel dropped 8.4 cents a litre on the island and 7.3 cents in western Labrador and Churchill Falls. Furnace oil fell 7.25 cents a litre on the island, and stove oil fell 6.39 cents a litre in western Labrador and Churchill Falls.
The order sets maximum prices, not one station's receipt and not a U.S. pump price. This report does not say whether crude costs, the province's separate fuel-tax plan, or both caused the cut. The next adjustment is scheduled for Thursday, so Wednesday's caps are not locked in for the winter.
Could Wednesday's order lower a Newfoundland fuel bill? Yes for the regulated maximums: gasoline fell 10.7 cents a litre, and diesel and heating fuels fell by smaller amounts. No U.S. price change was announced, and another adjustment is due Thursday.