Charlottetown, Prince Edward Island, October 28, 2008
Island Regulatory and Appeals Commission approved the
following petroleum pricing decisions, effective 12:01 a.m.,
Tuesday, October 28, 2008:
Gasoline prices will decrease by 6.0 cents per litre (cpl);
Furnace and stove oil prices will decrease by 5.0 cpl;
prices will decrease by 6.0 cpl; and
will be no changes in propane prices at this time.
Including taxes, pump prices for regular unleaded
gasoline at self-serve outlets will now range from 96.5 cpl to 98.6
The continuing deterioration of global financial markets
due to growing concern about the world economy, signs of weakening
demand for petroleum products, and reduced market prices for crude oil
has further impacted the prices for refined products.
The Commission's next scheduled price adjustment will be
on November 1, 2008.
Click here for published prices effective
October 28, 2008.