PETROLEUM PRICING

Charlottetown, Prince Edward Island, September 1, 2012 — The Island Regulatory and Appeals Commission approved the following petroleum pricing decisions, effective 12:01 a.m., Saturday, September 1, 2012:

• Gasoline prices will increase by 3.5 cents per litre (cpl);
• Furnace and stove oil prices will increase by 2.5 cpl;
• Diesel prices will increase by 2.9 cpl; and
• Propane prices will increase by 1.0 cpl for Superior Propane, by 0.5 cpl for Irving Energy Distribution and Marketing and there will be no change this month for Kenmac Energy Inc.  

Including adjustments for taxes, pump prices for regular unleaded gasoline at self-serve outlets will now range from 129.2 cpl to 130.2 cpl.

The maximum price for furnace oil will now amount to 105.3 cpl plus GST.

Increases in the wholesale price of all petroleum products over the past two weeks necessitate the above described petroleum product price adjustments.

The Commission's next scheduled price adjustment will be on September 15, 2012.