The Public Utilities Board has released a consultation document for residents of Labrador as part of its ongoing review into the regulation of fuel pricing in the province.

The PUB is seeking additional information and commentary from consumers and industry in the region amid potential changes that could see prices go up.

The board says retail supply costs have increased in recent years and those changes should be reflected in retail mark-ups, resulting in higher prices in Labrador.

Those increases could range from an additional 2.58 cents per litre for regular gasoline to 2.72 cents per litre for diesel and 2.46 cents for stove oil.

Other changes include a shift in weekly price adjustments from Thursday to Friday in Lab West, similar to that proposed for the island.

Other matters the Board is considering for Labrador include:

• Changes to the blending methodology for diesel motor fuel in Western Labrador.

• Changes to the calculation of benchmark prices to reflect a new data reporting agency and an average of five days of data for Western Labrador, similar to that proposed for the Island.

• A shift in weekly price adjustments from Thursday to Friday for Western Labrador, similar to that proposed for the Island.

• More regular reviews of wholesale and retail mark-ups and zone differentials.

• A recommendation that Government:

– consider changes to the Regulations for better cost recovery for higher grades of gasoline motor fuel in Western Labrador, similar to that proposed for the Island.

– consider changes to the Regulations to provide more discretion for the Board to better reflect product costs in maximum prices in Western Labrador, similar to the rest of Labrador