Island, April 30, 2006 —
The Island Regulatory and Appeals Commission announced today that
wholesalers have been authorized to increase prices in their dealer and
consumer schedules by 4.5 cents per litre (cpl) on gasoline, by 3.7 cpl
on diesel and by 3.1 cpl on furnace fuel and stove oil, effective 12:01
a.m. Monday, May 1, 2006.
Accordingly, after allowing for tax adjustments pump prices for regular
unleaded gasoline at self-serve outlets will now range from 118.2 cents
per litre to 119.8 cents per litre.
addition, Irving Oil Marketing Limited received approval to increase by
2.4 cpl and Superior Propane Inc. received approval to increase by 2.3
cpl all propane prices contained in their respective propane pricing
schedules based on increased costs.
announcing the price increases, the Commission indicated that during the
past two weeks crude prices have been consistently in excess of $70.00
per barrel and accordingly now necessitate local market price
Commission’s next scheduled price adjustment will be on May 15th.
Click here for published prices effective
May 1, 2006