Charlottetown, Prince Edward Island, June 14, 2007
Island Regulatory and Appeals Commission announced today the
following petroleum pricing decisions, effective June 15, 2007:
Gasoline prices will decrease by 4.5 cents per litre (cpl);
prices will decrease by 1.0 cpl;
Furnace fuel, stove oil and propane prices will remain unchanged.
Including taxes, pump prices
for regular unleaded gasoline at self-serve outlets will now range
from 107.8 cpl to 109.4 cpl.
The Commission noted that
favourable market conditions for refined products over the past two
weeks resulted in a gradual decline in New York Harbour pricing for
gasoline and diesel. However crude prices have actually edged upward
over the same period and that combined with a projected rise in fuel
demand could negatively impact market direction this summer.
Click here for published prices effective June 15, 2007