- Price freeze will persist on Labrador’s north coast.
- Drivers in central Labrador had had the most down gas prices in the region due to a price freeze.
- With the freeze raising Thursday, costs are more than 62 cents per liter.
Newfoundland and Labrador’s fuel cost regulator has lifted the yearly price freeze for clients in central Labrador, increasing the price of gas by more than 62 cents per liter.
The Public Utilities Board’s price freeze had been in the position since late November when the gas price sat at $1.541 per liter. That price mirrors the fuel cost, which has since drastically risen due to inflation and Russia’s attack on Ukraine in February.
The freeze was lifted Thursday morning, raising the price of a liter of unleaded self-serve by 62.1 cents after changing for current pricing benchmarks. The price per liter in the province is now $2.162.
The price freeze was also used for diesel and stove oil, which rose by 54.2 cents and 47.2 cents per liter, respectively. The highest price for diesel in the province is now $2.176 per liter, while stove oil costs $1.638 per liter.
Source – cbc.ca