Charlottetown, Prince Edward Island, November 15, 2008
Island Regulatory and Appeals Commission approved the
following petroleum pricing decisions, effective 12:01 a.m.,
Saturday, November 15, 2008:
Gasoline prices will decrease by 7.0 cents per litre (cpl);
Furnace and stove oil prices will decrease by 4.5 cpl;
prices will decrease by 5.0 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 83.5 cpl to 85.6 cpl.
Declining demand, continued unfavourable economic news
and a strengthened U.S. dollar have combined to impact both crude and
refined product prices. Posted prices for gasoline, furnace oil and
diesel are now all below year ago levels.
The Commission's next scheduled price adjustment will be
on November 30, 2008.
Click here for published prices effective
November 15, 2008.