Charlottetown, Prince Edward Island, December 1, 2008
Island Regulatory and Appeals Commission approved the
following petroleum pricing decisions, effective 12:01 a.m.,
Monday, December 1, 2008:
Gasoline prices will decrease by 1.5 cents per
Furnace and stove oil prices will decrease by 3.5
prices will decrease by 4.5 cpl; and
Propane prices will decrease by 8.6 cpl for
Superior Propane and decrease by 8.8 cpl for Irving Oil Marketing
Including taxes, pump prices for regular unleaded
gasoline at self-serve outlets will now range from 75.7 cpl to 77.8 cpl.
The ongoing global financial crisis continues to impact
consumer demand for petroleum products resulting in a further reduction
in average wholesale prices. Gasoline pump prices on Prince Edward
Island are now the lowest since March, 2004.
The Commission's next scheduled price adjustment will be
on December 15, 2008.
Click here for published prices effective
December 1, 2008.