PETROLEUM PRICING

Charlottetown, Prince Edward Island, June 9, 2009 — The Island Regulatory and Appeals Commission approved the following petroleum pricing decisions, effective 12:01 a.m., Tuesday, June 9, 2009:

• Furnace and stove oil prices will increase by 4.6 cpl;
• Diesel prices will increase by 4.8 cpl;
• There will be no change in gasoline or propane prices at this time.

Higher input costs coupled with an increase in demand have significantly impacted the wholesale market cost of furnace oil, stove oil and diesel triggering this unscheduled pricing adjustment.

The Commission's next scheduled price adjustment will be on June 15, 2009.

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