Gas across N.L. soars 7.6 cents per litre in latest adjustment

Drivers in Newfoundland and Labrador are paying about eight cents more per litre at the gas pump on Thursday. (Kevin Yarr/CBC - image credit)
Drivers in Newfoundland and Labrador are paying about eight cents more per litre at the gas pump on Thursday. (Kevin Yarr/CBC - image credit)

The cost of gas in Newfoundland and Labrador is on the rise again, increasing by 7.6 cents per litre on Thursday.

After the scheduled adjustment by the province's Public Utilities Board, the maximum price for a litre of gasoline on the Avalon Peninsula sits at $1.90. Some retailers charge less.

Prices elsewhere in the province range from $1.91 to $2.07. A litre of gas runs $1.97 in western Labrador and just shy of $2 in Churchill Falls.

Thursday's increase is the fourth consecutive increase in the PUB's scheduled pricing adjustments.

Average gas prices across Canada have been climbing since early January, matching a rise in the cost of crude oil, according to the price-checking website GasBuddy.com.

The price of diesel is down by 2.5 cents per litre in Newfoundland, but up by 4.6 in Labrador West and Churchill Falls.

Furnace and stove heating oils are up by about four cents a litre.

The pricing adjustment on Thursday also marks the continued move away from winter blends of diesel and furnace oil, which will be reflected in the PUB's maximum price calculations.

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