Thursday, May 27, 2010

Fuel prices drop, but Labradors coast still in fuel price freeze mode

Fuel prices have dropped as residents of the north coast anticipate the price freeze lift.

Effective today, the price of gasoline has decreased by 3.5 cents per liter (cpl).

The price of home heating fuel has also dropped by 2.87 cpl.

David Hillier is a Research Analyst with the Petroleum Pricing Office (PPO).

He says that they’re anticipating an early date in June for the lifting of the price freeze on the south coast of Labrador.

Hillier says the anticipated date isn’t out of the norm for the region.

The PPO and department of Transportation and Works are continuing to monitor the situation here on the north coast.

The price of gasoline is currently locked at $1.39 a litre.

Home heating fuel is $1.04.

The price freeze was lifted here on the north coast last year on July 02.

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