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Tuesday, March 26, 2013

Price changes for Thursday, March 28, 2013

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”.


Regards for now,

George Murphy
Group researcher/member
Consumer Group for Fair Gas Prices
Twitter: @georgemurphymha

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