Gas prices have lowered across Newfoundland and Labrador for the first time since late-February, with the Public Utilities Board announcing a 10 cents per litre decrease on March 25, 2026. Maximum prices for gasoline in Newfoundland now range between $1.82 and $1.98 per litre, while in Labrador, they sit between $1.60 and $1.93 per litre.
In addition to the drop in gas prices, diesel prices have also seen a significant reduction, falling almost 22 cents per litre in Newfoundland and 21.5 cents per litre in Labrador West and Churchill Falls. The new maximum prices for diesel are between $2.35 and $2.48 per litre in Newfoundland and $1.75 and $2.48 per litre in Labrador.
Furnace oil prices decreased by just over 19 cents per litre, while stove oil prices dropped by over 18.6 cents per litre in Labrador West and Churchill Falls. Residents have expressed relief at the price reductions but are demanding greater transparency from the Public Utilities Board regarding price fluctuations.
“It’s got to be a strain on just about everybody,” said Terry O’Neill, a local resident. He added, “A lot of them are saying, you know, enough is enough, right? They’re sort of demanding that the Public Utilities Board or the government step in and stop this ridiculous instability.” O’Neill noted that when prices increase, there is a snowballing effect on the cost of living, impacting various sectors.
The price of gasoline had not decreased since February 20, 2026, leading to growing frustration among consumers. The recent changes mark a crucial shift in the energy market for the region, which has faced rising costs in recent months.
Observers are closely monitoring the situation as they await further updates from the Public Utilities Board and the government regarding future price adjustments. Details remain unconfirmed.