PETROLEUM PRICING

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

• Gasoline prices will decrease by 1.0 cent per litre (cpl);
• Diesel prices will decrease by 1.0 cpl;
• Furnace and stove oil prices will decrease by 1.0 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 now range from 128.1 cpl to 129.2 cpl.

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