PETROLEUM PRICING

Charlottetown, Prince Edward Island, December 15, 2009 — The Island Regulatory and Appeals Commission approved the following petroleum pricing decisions, effective 12:01 a.m., Tuesday, December 15, 2009:

• Gasoline prices will decrease by 4.7 cents per litre (cpl);
• Furnace and stove oil prices will decrease by 1.5 cpl; and
• There will be no change in diesel or propane prices at this time.

Including adjustments for taxes, pump prices for regular unleaded gasoline at self-serve outlets will now range from 94.0 cpl to 96.1 cpl.

Reduced wholesale market prices for refined products observed over the past two weeks allow the price reductions announced today.

The Commission's next scheduled price adjustment will be on January 1, 2010.

 —30—

Click here for published prices effective December 15, 2009