Charlottetown, Prince Edward Island, July 25, 2007
Island Regulatory and Appeals Commission announced today the
following unscheduled price adjustment, effective 12:01 a.m., July 26,
prices will decrease by 4.0 cents per litre (cpl).
Including taxes, pump prices for regular unleaded gasoline at self-serve
outlets will now range from 103.8 cpl to 105.4 cpl. There will be no
changes to other petroleum prices at this time.
In announcing this unscheduled adjustment, the Commission noted that
improved market conditions over the past week, including the
return to full capacity of a number U.S. refineries and the related
build in gasoline inventories, has reduced concern over the industry's
ability to meet record setting consumer demand and has resulted in
reduced wholesale costs.
The Commission's next scheduled price adjustment will be on August 1,
Click here for published prices effective July 26, 2007