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Gas drops by almost a nickel, diesel also down in latest PUB setting

Gas prices in Calgary and Edmonton. Credit Axel Tardieu/Radio-Canada. See close up of generic gas pump in Calgary on 04 May 2022. (Axel Tardieu/Radio-Canada - image credit)
Gas prices in Calgary and Edmonton. Credit Axel Tardieu/Radio-Canada. See close up of generic gas pump in Calgary on 04 May 2022. (Axel Tardieu/Radio-Canada - image credit)
Gas prices in Calgary and Edmonton. Credit Axel Tardieu/Radio-Canada. See close up of generic gas pump in Calgary on 04 May 2022.
Gas prices in Calgary and Edmonton. Credit Axel Tardieu/Radio-Canada. See close up of generic gas pump in Calgary on 04 May 2022.

Gas prices in Newfoundland and Labrador decreased by more than four cents a litre in the latest PUB price setting. (Axel Tardieu/Radio-Canada)

Most fuels across Newfoundland and Labrador dropped in price on Thursday, as the province's fuels regulator adjusted costs in its weekly setting.

The Public Utilities Board decreased the maximum price of gasoline by 4.5 cents per litre.

That means the retail ceiling on a litre of gas is at $1.63 per litre on the Avalon Peninsula, where prices are the lowest across the province.

Prices are higher in other parts of the province, going up to $1.80 per litre in parts of Newfoundland, where as in Labrador, prices range from $1.70 to $2 per litre.

The PUB decreased the maximum price of diesel by 3.3 cents per litre on the island, putting prices between $2 per litre and $2.16 per litre. In Labrador, prices are between $2 per litre and $2.54 per litre.

The price of furnace oil went down by 3.28 cents per litre, meaning customers will now pay between $1.23 and $1.40 per litre depending on their location.

In Newfoundland, stove oil heating fuel dropped by 3.11 cents per litre, with prices ranging from $1.29 per litre to the highest at $1.46 per litre.

Meanwhile, stove heating fuel in Western Labrador and Churchill Falls dropped by 2.75 cents per litre, making it cost $1.53 per litre and $1.55 per litre, respectively.

The only fuel to increase was propane heating fuel, which is up by just 0.4 cents per litre, making the lowest cost $0.92 per litre and the most expensive $1.36 per litre.

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