Charlottetown, Prince Edward Island, October 31, 2007
Island Regulatory and Appeals Commission announced today the
following petroleum pricing decisions, effective November 1, 2007:
prices will increase by 2.7 cents per litre (cpl);
will increase by 2.6 cpl;
Furnace fuel and
stove oil prices will increase by 2.5 cpl; and
will increase by 1.9 cpl for Superior Propane and by 1.4 cpl for
Irving Oil Marketing Limited.
taxes, pump prices for regular unleaded gasoline at self-serve outlets
will now range from 100.0 cpl to 101.5 cpl.
announcing these latest price adjustments, the Commission noted that
the record setting crude prices observed in recent weeks are beginning
to be reflected in refined product spot market prices. Mild weather
experienced thus far this fall and the traditional seasonal reduction in
demand for automotive fuels is tempering current heating oil and
gasoline prices. Refined product market direction over the coming months
may be more closely aligned with international crude oil prices than it
has been in recent months.
Commission's next scheduled price adjustment will be on November 15,
Click here for published prices effective November 1, 2007