Charlottetown, Prince Edward Island, August 14, 2007
Island Regulatory and Appeals Commission announced today the
following petroleum pricing decisions, effective August 15, 2007:
Gasoline prices will decrease by
2.8 cents per litre (cpl);
Diesel prices will decrease by
Furnace fuel and stove oil
will decrease by 1.5 cpl; and
will be no change to propane prices at this time.
Including taxes, pump prices for
regular unleaded gasoline at self-serve outlets will now range from
98.7 cpl to 100.3 cpl.
In announcing these latest price
adjustments, the Commission noted that the recovery of industry refining
capacity over the past number of weeks, the adequacy of current
inventory levels and the indication of reduced consumer
demand have all combined to favorably influence commodity market prices.
The Commission's next scheduled price
adjustment will be on September 1, 2007.
Click here for published prices effective August 15, 2007