Charlottetown, Prince Edward Island, December 15, 2008
Island Regulatory and Appeals Commission approved the
following petroleum pricing decisions, effective 12:01 a.m.,
Monday, December 15, 2008:
Gasoline prices will decrease by 3.0 cents per
Furnace and stove oil prices will decrease by 3.8
prices will decrease by 2.0 cpl; and
There will be no changes in
propane pricing at this time.
Including taxes, pump prices for regular unleaded
gasoline at self-serve outlets will now range from 69.9 cpl to 72.0 cpl.
The effects of
the global recession continue to impact demand for petroleum products.
Reduced consumption, milder temperatures and solid supply have combined
to exert downward pressure on all petroleum product wholesale prices.
The Commission's next scheduled price adjustment will be
on January 1, 2009.
Click here for published prices effective
December 15, 2008.