Nunatsiavut Consumers Continue to See Savings as Global Gas Prices Soar

Nunatsiavut consumers are paying far less at the pumps for gasoline than our counterparts in the rest of the province.

The price of gasoline took another jump across the province today.

The fuel has risen by 2.3 to 2.4 cents per litre across Newfoundland and Labrador.

Consumers on the Avalon Peninsula, who usually pay the lowest prices in the province, are now paying nearly $1.44 per litre of gasoline.

That’s over four cents more than here in Nunatsiavut where the price has been frozen at nearly $1.40 per litre since November.

Although we’re witnessing savings now in this region, we could see a pretty big increase once the price freeze is lifted.

Fuel prices in Nunatsiavut are adjusted once supplies are able to be shipped into the communities.

This method has been used since the summer of 2007.

The price freeze was lifted that year on July 12.

The freeze was lifted nearly a month earlier the following year on June 19, 2008.

2009 saw the price of fuels adjusted on July 2.

And the price freeze was lifted last year on July 15.

Nunatsiavut will most likely see an early ice breakup this year with the temperatures this spring has been bringing.

Consumers in this region will see a huge increase at that time if global fuel prices continue to rise.

If the price of gasoline were to be adjusted today we would possibly see the price increase by nearly 30 cents to about $1.69 per litre.

Those figures are based on the fact that this region paid about 21 cents more per litre of gasoline than central Labrador without the price freeze in effect.

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