PETROLEUM PRICING

Charlottetown, Prince Edward Island, March 1, 2012 — The Island Regulatory and Appeals Commission approved the following petroleum pricing decisions, effective 12:01 a.m., Thursday, March 1, 2012:

• Gasoline prices will increase by 2.5 cents per litre (cpl);
• Furnace and stove oil prices will increase by 2.4 cpl;
• Diesel prices will increase by 1.6 cpl; and 
• Propane prices will decrease by 4.8 cpl for Superior Propane, by 4.7 cpl for Irving Energy Distribution and Marketing and by 6.4 cpl for Kenmac Energy Inc.

Including adjustments for taxes, pump prices for regular unleaded gasoline at self-serve outlets will range from 127.6 cpl to 129.7 cpl.

The maximum price for furnace oil will now be 108.7 cpl.

The Commission's next scheduled price adjustment will be on March 15, 2012.

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Click here for published prices effective March 1, 2012