Jumps at the pumps with more increases possible

There are some large increases in fuel prices this week, with more possible.

Gas has increased by 6.7 cents per litre. On the Island, diesel went up 6.4 cents while diesel in western Labrador increased by 4.2 cents.

The cost of furnace oil went up 5.50 cents per litre. Stove oil heating fuel in western areas of Labrador jumped by 3.64 cents, and propane heating fuel increased by 0.4 cents.

The Board’s next regularly scheduled price adjustment is on Friday, March 13. There is currently a significant amount of volatility in the market, and adjustments to the maximum prices are possible in the coming days.