Gas prices increase for 1st time in a month; propane jumps 4 cents
Little change in diesel and furnace oil in latest PUB setting
The price ceiling for gasoline rose for the first time in four weeks Thursday, as Newfoundland and Labrador's fuels regulator reacted to the latest swings in commodity markets.
The Public Utilities Board, in its weekly setting, allowed retailers to hike the cost of all grades of gas by 1.1 cent a litre.
The increase follows three consecutive price drops, which cumulatively had added up to 4.4 cents.
The change puts the maximum price for a litre of self-serve gas on the Avalon Peninsula — which generally has the cheapest prices in the province — at $1.662.
The PUB allowed retailers to raise the price of propane heating fuel by four cents a litre.
Furnace oil dropped by 0.02 cents, while stove stove oil dropped 0.22 cents on Newfoundland but increased 0.04 cents a litre in western Labrador and Churchill Falls.
Diesel dropped marginally, at just a tenth of a cent.
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