- Furnace oil climbs 14.7 cents.
- Furnace oil took a surprising jump Saturday morning, raising over 14.7 cents per liter.
People in Newfoundland and Labrador are waking up to the third crude fuel cost adjustment by the Public Utilities Board in multiple days, with the cost of diesel and home heating oils growing by almost 14 cents each on Saturday.
The PUB raised the diesel price by 17 cents per liter in Newfoundland and 18 cents per liter in Labrador. The cost of diesel has fluctuated dramatically in Labrador, especially over the previous three days, as it fell over 30 cents per liter on Thursday.
Diesel costs now range between $2.76 and $2.87 per liter on the island and between $1.78 to as high as $3.14 per liter in Labrador.
Furnace oil also noticed a dramatic growth of over 14.7 cents per liter Saturday per liter. The new costs put a liter of furnace oil at between $2.08 and $2.12 per liter on the Avalon Peninsula, $2.12 in central and western Newfoundland, and $2.14 per liter on the island’s northern peninsula.
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The cost of stove oil also spiked Saturday, up 14.6 cents per liter in Newfoundland and 15.6 cents in Labrador. Consumers will see costs ranging between $1.30 and $1.40 per liter across Labrador, while prices range from $2.13 to $2.30 per liter in Newfoundland.
According to the PUB, the gains are thanks to “another significant upward shift overnight in the benchmarks used to set highest costs” for the affected fuels.
The board has revised the fuel cost 19 times in the past eight weeks.
The cost of gasoline is unchanged Saturday but will increase by an extra 2.6 cents per liter the next day due to the carbon tax rates coming into impact on May 1. Diesel will also raise an additional 3.1 cents per liter on Sunday due to the tax.
Source – cbc.ca