PETROLEUM PRICING
 



Charlottetown, Prince Edward Island, November 15, 2008 — The Island Regulatory and Appeals Commission approved the following petroleum pricing decisions, effective 12:01 a.m., Saturday, November 15, 2008:

  • Gasoline prices will decrease by 7.0 cents per litre (cpl);
  • Furnace and stove oil prices will decrease by 4.5 cpl;
  • Diesel prices will decrease by 5.0 cpl: and
  • There will be no changes in propane prices at this time.

Including taxes, pump prices for regular unleaded gasoline at self-serve outlets will now range from 83.5 cpl to 85.6 cpl.

Declining demand, continued unfavourable economic news and a strengthened U.S. dollar have combined to impact both crude and refined product prices.  Posted prices for gasoline, furnace oil and diesel are now all below year ago levels.

The Commission's next scheduled price adjustment will be on November 30, 2008.

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Click here for published prices effective November 15, 2008.

 

Posted: 2008/11/15