Island, January 31, 2003 � The
Island Regulatory and Appeals Commission announced today that
wholesalers have been authorized to increase the prices in their dealer
and consumer schedules by 4.9 cents per litre (cpl) on gasoline,
on diesel and 5.3 cpl on furnace and stove oil. Effective
February 1, 2003 the average maximum pump price of regular unleaded
gasoline at self-serve outlets will be 79.1 cpl.
Irving Oil Limited received approval to increase, by 3.5 cpl, and Superior Propane Inc. received approval to increase, by
2.8 cpl, all
propane prices contained in
their respective propane pricing schedules based on increased product
The approved increases are the result of recent and substantial increases
that have occurred in the costs of gasoline and distillate products on the
regional, national and international petroleum markets.
pricing adjustments become effective at 12:01 a.m. on Saturday, February 1,
here for published prices effective February 1, 2003