PETROLEUM PRICING

Charlottetown, Prince Edward Island, September 1 — The Island Regulatory and Appeals Commission approved the following petroleum pricing decisions, effective 12:01 a.m., Thursday, September 1, 2011:

• Gasoline prices will increase by 4.0 cents per litre (cpl); 
• Diesel prices will increase by 3.5 cpl;
• Furnace and stove oil prices will increase by 3.0 cpl; and
• Propane prices will increase by 0.6 cpl for Superior Propane and by 1.5 cpl for Kenmac Energy Inc.  There will be no change in propane prices for Irving Energy Distribution and Marketing.

Including adjustments for taxes, pump prices for regular unleaded gasoline at self-serve outlets will now range from 123.1 cpl to 125.2 cpl.

Significant increases in wholesale market prices since the Commission’s last adjustment necessitate the petroleum product price increases announced today.

The Commission's next scheduled price adjustment will be on September 15, 2011.

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Click here for published prices effective September 1, 2011