Drivers in parts of Labrador are benefiting from a significant decrease in gas prices, with a drop of more than 17 cents per litre. The Newfoundland and Labrador Public Utilities Board (PUB) has adjusted its pricing benchmarks for the region, taking into account the true cost of supply. The areas that have experienced the decrease in gas prices include the Straits, Red Bay, Lodge Bay, Cartwright, and parts of the south coast where fuel is delivered by drum.
While the decrease in gas prices is a welcome change for drivers in the region, other fuels have seen increases. Diesel has increased by 10.6 cents per litre in the same parts of Labrador, and stove oil has increased by 9.22 cents per litre. This indicates that there are various factors affecting the pricing of different fuels in different regions.
It is worth noting that the price adjustments made by the PUB have not been implemented in many areas since the summer. This suggests that the recent changes in gas prices are a response to the fluctuating cost of supply in the region.
Overall, the price of fuel in Labrador now ranges between $1.87 and $2.08 per litre, depending on the location. In comparison, gas prices in other parts of Newfoundland range from $1.68 to $1.85 per litre, while prices on the Avalon Peninsula sit at a maximum of $1.683 per litre.
Despite the increase in other fuel prices, it is clear that the recent adjustment from the PUB aims to better reflect the true cost of supply in Labrador. This provides drivers in the region with some relief at the pump.
FAQ
Q: Why have gas prices decreased in parts of Labrador?
A: The decrease in gas prices is a result of adjustments made by the Newfoundland and Labrador Public Utilities Board (PUB) to better reflect the cost of supply in the region.
Q: Which areas in Labrador have seen a decrease in gas prices?
A: The areas that have experienced a decrease in gas prices include the Straits, Red Bay, Lodge Bay, Cartwright, and parts of the south coast where fuel is delivered by drum.
Q: Have other fuels seen price changes as well?
A: Yes, while gas prices have decreased, diesel has increased by 10.6 cents per litre, and stove oil has increased by 9.22 cents per litre in the same parts of Labrador.
Q: Why haven’t price adjustments been made in many areas since the summer?
A: The recent adjustments made by the PUB suggest that the pricing benchmarks have not been updated to account for the fluctuating cost of supply in the region.
Q: What are the new gas prices in Labrador?
A: The price of gas in Labrador now ranges between $1.87 and $2.08 per litre, depending on the location.