Numbers for this week
Some Budget reaction
Media release
March 26, 2013, St. John’s, NL
– Consumers in Newfoundland and Labrador may not notice any changes to gasoline
prices this week. Or at least the tax component of it. Even though government
made money on gasoline taxes again this year, and in bigger numbers than ever,
the only break a consumer will get this week is from the Public Utilities
Board. That word from George Murphy, group researcher for the Consumer Group
for Fair Gas Prices and NDP MHA for St. John’s East.
The numbers this week
“It looks like there won’t be
much change to distillate prices with heating and stove oils subject to just a
drop of 48/100ths of a cent. Meanwhile, diesel prices are forecast to remain
where they are with no changes seen. Gasoline prices are showing a little volatility
with regular unleaded and reformulated down by 1.3 or 2.3 cents on a litre, the
difference here caused by an extreme move downwards in both prices today”,
Murphy said.
Budget doesn’t deliver a tax break
“Gasoline taxes will remain
the same with government predicting that even more gas tax revenue will be
collected in the next year. This year’s budget saw an added $2.95 million
collected in gas tax revenue with income of $171,450,000.00. Next years’
estimated gasoline tax to collect comes in at $176,256,000.00, a new record to
be collected from consumers’ pockets”.
-30-
Regards for now,
George Murphy
Group researcher/member
Consumer Group for Fair Gas
Prices
Twitter: @georgemurphymha
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