Charlottetown, Prince Edward Island, September 30, 2007
Island Regulatory and Appeals Commission announced today the
following petroleum pricing decisions, effective October 1, 2007:
Gasoline prices will decrease by
1.0 cent per litre (cpl);
Diesel prices will increase by 1.0
Furnace fuel and stove oil prices
will increase by 1.0 cpl; and
Propane prices will increase by
1.5 cpl for Superior Propane Inc. and Irving Oil Marketing Limited
propane prices will increase by 1.7 cpl.
Including taxes, pump prices
for regular unleaded gasoline at self-serve outlets will now range from
99.7 cpl to 101.3 cpl.
In announcing these latest
price adjustments, the Commission noted that, while record setting crude
prices have been observed as of late, refined product prices have not
yet been dramatically affected by world crude markets. Due to seasonal
demand issues, gasoline spot market prices have slightly declined
somewhat whereas prices for distillate products (furnace and diesel oil)
have slightly increased.
The Commission's next
scheduled price adjustment will be on October 15, 2007.
Click here for published prices effective October 1, 2007