PETROLEUM PRICING

Charlottetown, Prince Edward Island, July 1, 2009 — The Island Regulatory and Appeals Commission approved the following petroleum pricing decisions, effective 12:01 a.m., Wednesday, July 1, 2009:

• There will be no change in gasoline prices;
• Furnace and stove oil prices will increase by 2.0 cpl;
• Diesel prices will increase by 2.5 cpl; and
• Propane prices will increase by 2.5 cpl for Superior Propane, by 2.1 cpl for Irving Energy Distribution and Marketing and by 3.2 cpl for Kenmac Energy Inc.

Including adjustment for taxes, pump prices for regular unleaded gasoline at self-serve outlets will continue to range from 101.4 cpl to 103.5 cpl.

Additional increases in the wholesale pricing of furnace oil, diesel and propane over the past two weeks have necessitated price adjustments at this time.

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

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