PETROLEUM PRICING

Charlottetown, Prince Edward Island, March 1, 2013 — The Island Regulatory and Appeals Commission approved the following petroleum pricing decisions, effective 12:01 a.m., Friday, March 1, 2013:

• Gasoline prices will decrease by 1.0 cent per litre (cpl);
• Furnace and stove oil prices will decrease by 1.5 cpl;
• Diesel prices will decrease by 2.5 cpl; and
• Propane prices will increase by 4.7 cpl for Superior Propane, by 6.3 cpl for Irving Energy Distribution and Marketing and by 5.3 cpl for Kenmac Energy Inc.

Including adjustments for taxes, pump prices for regular unleaded gasoline at self-serve outlets will now range from 127.3 cpl to 128.3 cpl.

The maximum price for furnace oil will now amount to 112.9 cpl plus GST.

The Commission's next scheduled price adjustment will be on March 15, 2013.

—30—