Island, December 31, 2004 —
Regulatory and Appeals Commission announced today that wholesalers have
been authorized to decrease all gasoline prices in their dealer and
consumer schedules by 1.4 cents per litre (cpl). Effective January
1, 2005, the average maximum pump price of regular unleaded gasoline at
self-serve outlets will be 81.6 cpl. The Commission also announced
that approved prices for the month of December for diesel, furnace fuel
and stove oil will continue in effect for the month of January, 2005.
addition, Irving Oil Limited received approval to decrease, by 2.7 cpl,
and Superior Propane Inc. received approval to decrease, by 2.6
cpl, all propane prices contained in their respective propane pricing
schedules based on decreases in product acquisition costs.
pricing adjustments become effective at 12:01 a.m. on Saturday, January
here for published prices effective January 1, 2005