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Gas jumps over 3 cents, diesel more than 5 in latest PUB price setting

The price of gasoline increased by 3.4 cents per litre across Newfoundland and Labrador on Thursday. (Curtis Hicks/CBC - image credit)
The price of gasoline increased by 3.4 cents per litre across Newfoundland and Labrador on Thursday. (Curtis Hicks/CBC - image credit)
The price of gasoline increased by 3.4 cents per litre across Newfoundland and Labrador on Thursday.
The price of gasoline increased by 3.4 cents per litre across Newfoundland and Labrador on Thursday.

The price of gasoline increased by 3.4 cents per litre across Newfoundland and Labrador on Thursday. (Curtis Hicks/CBC)

The prices of all fuels are up across Newfoundland and Labrador on Thursday, as the province's fuels regulator responded to fluctuations in the commodities markets.

The Public Utilities Board increased the maximum price of gasoline by 3.4 cents per litre, which means the the retail ceiling on a litre of gas at $1.68 per litre on the Avalon Peninsula, where prices are lowest.

Prices are higher in other parts of the province, ranging as high as $1.85 per litre in parts of the island and between $1.73 and $2.12 per litre in Labrador.

Diesel increased by 5.2 cents per litre, putting prices between $2.08 and $2.20 per litre in Newfoundland and between $2.01 and $2.55 per litre in Labrador.

The price of furnace oil increased by 4.18 cents per litre, meaning customers in Newfoundland will now pay between $1.26 and $1.44 per litre depending on their location.

Stove oil increased by 4.5 cents per litre across the majority of the province, and by 4.52 cents per litre in Labrador.

Prices for the fuel now range between $1.31 and $1.50 per litre in Newfoundland and between $1.41 and $1.95 per litre in Labrador.

Propane increased by the smallest amount, up 1.6 cents per litre. Propane will now cost customers in Newfoundland between $1.05 and $1.18 per litre depending on location, and will cost customers in Labrador between 91 cents and $1.36 per litre.

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