PETROLEUM PRICING

Charlottetown, Prince Edward Island, May 15, 2010 — The Island Regulatory and Appeals Commission approved the following petroleum pricing decisions, effective 12:01 a.m., Saturday, May 15, 2010:

• Gasoline prices will decrease by 3.0 cents per litre (cpl);
• Furnace and stove oil prices will decrease by 1.0 cpl; and
• There will be no change in diesel or propane prices at this time.

Reduced wholesale market prices for gasoline and furnace oil observed over the past two weeks allow the price reductions announced today.

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

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Click here for published prices effective May 15, 2010