Acts and Regulations

2013-74 - Petroleum Products Pricing Act

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NEW BRUNSWICK
REGULATION 2013-74
under the
Petroleum Products Pricing Act
(O.C. 2013-329)
Filed November 4, 2013
1Section 2 of New Brunswick Regulation 2006-41 under the Petroleum Products Pricing Act is amended
(a) by repealing the definition “base product” and substituting the following:
“base product” means a product for which a price is indicated by Platts under the heading “Atlantic Coast” and the subheading “New York Harbor” or under the heading “US ethanol price assessments” and the subheading “United States”, by Argus under the heading “Price Summary” and the subheading “Biodiesel” or by Bloomberg, as the case may be, as set out in Schedule A or A.1.(produit de base)
(b) by repealing the definition “Platts” and substituting the following:
“Platts” means the report entitled Platts US Marketscan or the report entitled Platts Biofuelscan, as the case may be.(Platts)
(c) in the definition “daily reference price” by repealing paragraph (b) and substituting the following:
(b) with respect to E10 gasoline, ultra-low sulphur diesel fuel or furnace oil, the sum of the averages of the daily high and low product prices or the daily product prices, as the case may be, for each of the corresponding base products set out in Schedule A or A.1, multiplied by the relevant percentage of the base product as set out in the Schedule.
(d) by adding the following definition in alphabetical order:
“Argus” means the report entitled Argus US Ethanol.(Argus)
2Subsection 4(1) of the Regulation is amended
(a) by repealing paragraph (b) and substituting the following:
(b) for mid-grade gasoline - one-half of the weekly reference price for conventional gasoline plus one-half of the weekly benchmark price for regular grade gasoline plus three cents per litre;
(b) by repealing paragraph (d) and substituting the following:
(d) for ultra-low sulphur diesel fuel - the weekly reference price for ultra-low sulphur diesel fuel plus 0.035 cents per litre;
3Schedule A of the Regulation is repealed and the following is substituted:
SCHEDULE A
Petroleum Product(s)
Base product(s)
Regular grade gasoline
Conventional gasoline
(“New York Harbor” subheading) Unleaded 87
(Delivered Cargo)
E10 gasoline
(“United States” subheading) Ethanol NYH Barge (earliest indicated month)
 
10%
(“New York Harbor” subheading) CBOB (Delivered Cargo)
90%
Propane
Bloomberg U.S. Propane Contract Postings (Sarnia/Plains*) (in Canadian cents per litre)
 
4Schedule A.1 of the Regulation is repealed and the following is substituted:
SCHEDULE A.1
Month
Motor fuel
Ultra-low
sulphur diesel
 
 Heating fuel
Furnace oil
Base
product
% Platts NYH Cargo
ULSKero
Base
product
% Platts NYH Cargo
ULSD
Base
product
% Argus SME Chicago fob
B100
Base
product
% Platts New York Cargo Jet
Base
product
% Platts New York Cargo #2
January
83.3
  14.7
2
77
  23
February
80.4
  17.6
2
75
  25
March
63.7
  34.3
2
54
  46
April
0
98
2
  0
100
May
0
98
2
  0
100
June
0
98
2
  0
100
July
0
98
2
   0
100
August
0
98
2
   0
100
September
22.5
  75.5
2
23
  77
October
58.8
  39.2
2
62
  38
November
78.4
  19.6
2
76
  24
December
83.3
  14.7
2
77
  23