PETROLEUM PRICING

Charlottetown, Prince Edward Island, April 30, 2008 — The Island Regulatory and Appeals Commission announced today the following petroleum pricing decisions, effective May 1, 2008:

• There will be no change in gasoline, furnace oil, stove oil or diesel prices at this time; and
• Propane prices will increase by 3.2 cents per litre (cpl) for Irving Oil Marketing Limited and will increase by 2.8 cpl for Superior Propane.

The Commission's next scheduled price adjustment will be on May 15, 2008.