Island, May 31, 2005 —
Regulatory and Appeals Commission announced today that wholesalers have
been authorized to decrease the prices in their dealer and
consumer schedules by 3.0 cents per litre (cpl) on gasoline, 2.0
cpl on diesel and 4.0 cpl on
furnace and stove oil. Effective
1, 2005, the average pump price of regular unleaded gasoline at
self-serve outlets will be 93.6 cpl.
addition, Irving Oil Limited and Superior Propane Inc. both received approval to
decrease, by 1.5
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 Wednesday, June
here for published prices effective June 1, 2005