PETROLEUM PRICING

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

• Gasoline prices will increase by 4.5 cents per litre (cpl);
• Furnace and stove oil prices will decrease by 1.0 cpl;
• Diesel prices will decrease by 1.0 cpl; and
• Propane prices will increase by 2.0 cpl for Superior Propane, by 1.3 cpl for Irving Energy Distribution and Marketing and by 3.1 cpl for Kenmac Energy Inc.

Including adjustments for taxes and combined with a Commission approved April 1, 2012 adjustment in dealer margin, pump prices for regular unleaded gasoline at self-serve outlets will now range from 133.4 cpl to 134.4 cpl.

The maximum price for furnace oil will now be 107.7 cpl.

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