Fuel about to get more expensive across Labrador, as PUB approves markup hike

CBC News

· Posted: Mar 13, 2025 3:20 PM EDT | Last Updated: little than a infinitesimal ago

The Public Utilities Board is making changes to its pricing exemplary for substance successful Labrador, allowing higher wholesale and retail markups successful astir areas on gas, diesel, stove lipid and propane.

The board's reappraisal of petroleum pricing, released Thursday, says markups volition hap implicit the adjacent respective weeks to debar sticker shock.

"This volition bounds the play interaction connected consumers truthful that the increases are nary higher than 1 cent per litre per week," the reappraisal said.

The committee volition besides marque tweaks to however it sets substance prices for occidental Labrador, and erstwhile prices determination volition change. 

Starting March 21, the PUB volition set fuels prices successful Wabush and Labrador City connected Fridays, alternatively of Thursdays.

Most areas of the portion volition spot markups connected gasoline leap between 2.11 and 4.5 cents per litre. Diesel markups volition emergence 4.5 cents and stove lipid markups volition leap 2.49 cents per litre crossed Labrador.

The regulator is besides turning Cartwright into its ain pricing portion starting March 21, and raising the wholesale markup, the portion differential and the retail markup. 

Under the existent model, the country has a wholesale markup of 22.85 cents and a retail markup of 10.28 cents per litre. Under the caller model, determination volition beryllium a wholesale markup of 26.38 cents and a retail markup of 14.28 cents per litre.

As for propane, the PUB is hiking markups successful the Straits, cardinal and occidental Labrador, and dropping the markup terms connected the northbound and southbound coasts.

The reappraisal comes 3 years aft Service N.L. requested that the regulator look astatine its pricing look for Labrador.

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