Charlottetown, Prince Edward Island, May 1, 2009
Island Regulatory and Appeals Commission approved the following
petroleum pricing decisions, effective 12:01 a.m., Friday, May 1, 2009:
Gasoline prices will increase by 1.0 cent per
Furnace and stove oil prices will decrease by 2.0
Diesel prices will decrease by 4.0 cpl;
Propane prices will decrease by 4.8 cpl for
Superior Propane, by 3.1 cpl for Irving Energy Distribution and
Marketing and by 4.2 cpl for Kenmac Energy Inc.
Including adjustment for taxes, pump prices for
regular unleaded gasoline at self-serve outlets will now range from 85.8
cpl to 87.9 cpl.
Reduced refinery production rates have effectively
lowered inventory levels of gasoline this past week resulting in an
upward pressure on spot market gasoline prices. Warmer than normal
temperatures as of late, however, have served to ease the consumption
and the related market price of furnace oil, diesel and propane.
The Commission's next scheduled price adjustment will be
on May 15, 2009.
Click here for published prices effective
May 1, 2009