Charlottetown, Prince Edward Island, April 24, 2008
Island Regulatory and Appeals Commission announced today
the following petroleum pricing decisions, effective
Gasoline prices will
increase by 6.7 cents per litre (cpl);
There will be no change in
furnace oil, stove oil, diesel or propane prices at this time.
Including taxes, pump prices for regular unleaded gasoline at self-serve
outlets will now range from 123.4 cpl to 125.0 cpl.
setting crude prices and a number of market related factors are exerting
unprecedented upward pressure on refined products, especially gasoline.
Markets remain extremely reactive to any potential supply disruptions.
Consumption is again on the rise, the U.S. dollar has weakened and the
summer driving season is approaching.
resulted in so much pressure on Island wholesale prices that an upward
adjustment is necessary at this time.
The Commission's next scheduled price adjustment will be
on May 1, 2008.
Click here for published prices effective
April 25, 2008.