Nfld. & Labrador

Gas prices hit lowest point since January

The cost of driving in Newfoundland and Labrador became noticeably cheaper Thursday, as the province's fuels regulator ordered retailers to drop their prices by up to 3.6 cents a litre.
Some St. John's stations have been charging less than $1 per litre for gas over the last several days. (Seth Perlman/Associated Press)

The cost of driving in Newfoundland and Labrador became noticeably cheaper Thursday, as the province's fuels regulator ordered retailers to drop their prices by up to 3.6 cents a litre. 

The drop, the biggest since August, brings gas prices to their lowest point since mid-January

On the Avalon Peninsula, where gas is cheapest, that means a station can now charge no more than $1.032 for a litre of self-serve unleaded gasoline.

Some retailers - particularly in the east end of St. John's, driven by market-leading Costco - have been charging less than $1 per litre for the last several days. 

The Public Utilities Board also ordered a 3.2 cent-per-litre cut in the cost of diesel. 

Furnace oil is down Thursday by 2.38 cents per litre. 

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