Charlottetown, Prince Edward Island, May 15, 2009
Island Regulatory and Appeals Commission approved the following
petroleum pricing decisions, effective 12:01 a.m., Friday, May 15, 2009:
Gasoline prices will increase by 7.5 cents per
Furnace and stove oil prices will increase by 2.0
Diesel prices will increase by 1.0 cpl;
There will be no change in propane prices at this
Including taxes, pump prices for regular unleaded
gasoline at self-serve outlets will now range from 93.7 cpl to 95.8 cpl.
Substantially increased wholesale pricing of refined
petroleum products over this past two weeks has necessitated retail
price adjustments at this time. A combination of factors including a
cutback of overall domestic North American refinery production, reduced
imports, the production of more expensive summer gasoline blends and an
unscheduled major refinery shutdown this past week has contributed to
the escalation in wholesale pricing.
The Commission's next scheduled price adjustment will be
on June 1, 2009.
Click here for published prices effective
May 15, 2009