PETROLEUM PRICING

Charlottetown, Prince Edward Island, November 15, 2011 — The Island Regulatory and Appeals Commission approved the following petroleum pricing decisions, effective 12:01 a.m., Tuesday, November 15, 2011:

• Gasoline prices will remain unchanged;
• Diesel prices will increase by 6.0 cents per litre (cpl);
• Furnace and stove oil prices will increase by 5.0 cpl and;
• There will be no change in propane prices at this time.

Including adjustments for taxes, pump prices for regular unleaded gasoline at self-serve outlets will continue to range from 117.5 cpl to 119.6 cpl.

The maximum allowable price for furnace oil, not including GST of 5%, will now amount to 107.4 cpl.

Significant increases in the wholesale price of furnace oil and diesel observed since November 1 necessitate the price adjustments announced today.

The Commission's next scheduled price adjustment will be on December 1, 2011.

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Click here for published prices effective November 15, 2011