Charlottetown, Prince Edward Island, August 31, 2007
Island Regulatory and Appeals Commission announced today the
following petroleum pricing decisions, effective September 1, 2007:
Gasoline prices will increase by 2.0 cents per litre (cpl);
Propane prices will increase
by .3 cpl for Superior Propane Inc. and Irving Oil Marketing Limited
propane prices will increase by .6 cpl; and
There will be no change to
furnace fuel, stove oil or diesel at this time.
Including taxes, pump prices for regular unleaded gasoline at self-serve
outlets will now range from 100.8 cpl to 102.4 cpl.
announcing the adjustments, the Commission noted that recent refinery
production interruptions coupled with continued strong consumer demand
have significantly impacted gasoline inventory levels resulting in the
currently observed escalation of market prices.
Commission's next scheduled price adjustment will be on September 15,
Click here for published prices effective September 1, 2007