Charlottetown, Prince Edward Island, June 14, 2008
Island Regulatory and Appeals Commission announced today
the following petroleum pricing decisions, effective
Gasoline prices will
increase by 6.3 cents per litre (cpl);
Furnace oil and stove oil
prices will increase by 7.0 cpl;
Diesel prices will increase
by 4.5 cpl; and
There will be no change in propane prices
at this time.
pump prices for regular unleaded gasoline at self-serve outlets will now
range from 138.4 cpl to 140.5 cpl.
Extreme volatility characterized petroleum markets this past two weeks
with a one day record setting increase of almost $11.00 per barrel for
crude recorded on June 6th. While consumption in North
America appears to be dropping, growth in demand in Asia, the Middle
East and Latin America continues to support high petroleum product
prices. With the per barrel price of crude having doubled over the past
year, refined product prices continue to establish record levels.
next scheduled price adjustment will be on July 1, 2008.
Click here for published prices effective
June 15, 2008.