PETROLEUM PRICING

Charlottetown, Prince Edward Island, January 1, 2010 — The Island Regulatory and Appeals Commission approved the following petroleum pricing decisions, effective 12:01 a.m., Friday, January 1, 2010:

• Gasoline prices will increase by 5.0 cents per litre (cpl);
• Furnace and stove oil prices will increase by 3.5 cpl;
• Diesel prices will increase by 4.3 cpl; and
• Propane prices will increase by 4.0 cpl for Superior Propane, by 4.2 cpl for Irving Energy Distribution and Marketing and by 4.6 cpl for Kenmac Energy Inc.

Including taxes, pump prices for regular unleaded gasoline at self-serve outlets will now range from 99.2 cpl to 101.3 cpl.

Significant escalation of wholesale market pricing of all refined products since the Commission's last adjustment necessitates the petroleum product price increases announced today.

The Commission's next scheduled price adjustment will be on January 15, 2010.

 —30—

Click here for published prices effective January 1, 2010