Schedule "A" Prices Prescribed for Petroleum Products under the Petroleum Products Pricing Act and the Petroleum Products Pricing Regulations effective on and after 12:01 a.m. on January 23, 2015 Zone 1 Base Fed. Prov. Wholesale Excise Tax Selling Min Max Min Max

Regular Unleaded 49.1 10.0 15.5 74.6 91.3 93.4 91.3 999.9

Mid-Grade Unleaded 52.1 10.0 15.5 77.6 94.8 96.8 94.8 999.9

Premium Unleaded 55.1 10.0 15.5 80.6 98.2 100.3 98.2 999.9

Ultra-low Sulfur Diesel 65.0 4.0 15.4 84.4 102.6 104.6 102.6 999.9

Zone 2

Regular Unleaded 49.6 10.0 15.5 75.1 91.9 94.0 91.9 999.9

Mid-Grade Unleaded 52.6 10.0 15.5 78.1 95.3 97.4 95.3 999.9

Premìum Unleaded 55.6 10.0 15.5 81.1 98.8 100.9 98.8 999.9

Ultra-low Sulfur Diesel 65.5 4.0 15.4 84.9 103.2 105.2 103.2 999.9

Zone 3

Regular Unleaded 50.0 10.0 15.5 75.5 92.3 94.4 92.3 999.9

Mid-Grade Unleaded 53.0 10.0 15.5 78.5 95.8 97.9 95.8 999.9

Premium Unleaded 56.0 10.0 15.5 81.5 99.2 101.3 99.2 999.9

Ultra-low Sulfur Diesel 65.9 4.0 15.4 85.3 103.6 105.7 103.6 999.9

Zone4

Regular Un!eaded 50.1 10.0 15.5 75.6 92.5 94.5 92.5 999.9

Mid-Grade Unleaded 53.1 10.0 15.5 78.6 95.9 98.0 95.9 999.9

Premium Unleaded 56.1 10.0 15.5 81.6 99.4 101.4 99.4 999.9

Ultra-low Sulfur Diesel 66.0 4.0 15.4 85.4 103.7 105.8 103.7 999.9

Zone 5

Regular Unleaded 50.1 10.0 15.5 75.6 92.5 94.5 92.5 999.9

Mid-Grade Unleaded 53.1 10.0 15.5 78.6 95.9 98.0 95.9 999.9

Premium Unleaded 56.1 10.0 15.5 81.6 99.4 101.4 99.4 999.9

Ultra-low Sulfur Diesel 66.0 4.0 15.4 85.4 103.7 105.8 103.7 999.9

Zone6

Regu!ar Unleaded 50.8 10.0 15.5 76.3 93.3 95.3 93.3 999.9

Mid-Grade Un!eaded 53.8 10.0 15.5 79.3 96.7 98.8 96.7 999.9

Premium Unleaded 56.8 10.0 15.5 82.3 100.2 102.2 100.2 999.9

Ultra-low Sulfur Diesel 66.7 4.0 15.4 86.1 104.5 106.6 104.5 999.9

OROER NSUARB-GAS-W-15-04

NOVA SCOTIA UTILITY ANO REVIEW BOARO

IN THE MATTER OF THE PETROLEUM PROOUCTS PRICING ACT

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IN THE MATTER OF PRESCRIBING PRICES for Petroleum Products pursuant to section 14 of the Petroleum Products Pricing Aet and sectìons 16 to 19 of the Petroleum Products Pricing Regulations

BEFORE: Peter W. Gurnham, Q.C., Chair OROER

WHEREAS the purpose of the Petroleum Products Pricing Regulations is to ensure just and reasonable prices for specified petroleum products taking into consideration the objectives of preserving the availability of such products in rural areas, stabilizing prices of such products and minìmizing the variances in prices of such products across the Province;

ANO WHEREAS the Nova Scotia Utility and Revìew Board ("Board") considered the manner in which it would proceed to set petroleum product prices in its Decision, 2006 NSUARB 108, issued on October 16, 2006; ANO WHEREAS the Board revised the retail margin and transportation allowance effective January 6, 2012, in its Decision, 2011 NSUARB 181, issued on November 23, 2011;

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ANO WHEREAS the Board revised the wholesale margin effective

January 4, 2013, in its Decision, 2012 NSUARB 213, issued on December 12, 2012;

ANO WHEREAS the average of the average of the daily high and low reported product prices (in Canadian cents) for the week ended January 21, 2015 are:

Grade 1 Regular gasoline 43.2per litre

Ultra-low sulfur diesel oil 52.3per litre

NOW THEREFORE the Board prescribes the benchmark prices for petroleum products to be:

Gasoline: Grade 1

Grade 2

Grade 3

Ultra-low sulfur diesel oil

43.2per litre

46.2per litre

49.2per litre

52.3per litre

ANO NOW THEREFORE the Board has determined, based on historical data regarding price changes and to achieve revenue neutrality, it is appropriate to apply, and the Board so orders, forward averaging corrections of:

Gasoline: minus 1.3per litre

Ultra-low sulfur diesel oil: minus 1.7per litre

ANO WHEREAS a winter blending adjustment of plus 7 .2rt per litre is required for ultra-low sulfur diesel oil;

ANO NOW THEREFORE the Board prescribes the prices for Petroleum

Products as set forth in Schedule "A" effective on and after 12:01 A.M. January 23,

2015.

DATED at Halifax, Nova Scotia, this 22nd day of January, 2015.

Document: 232395

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