PETROLEUM PRICING

Charlottetown, Prince Edward Island, May 1, 2014 — The Island Regulatory and Appeals Commission approved the following petroleum pricing decisions, effective 12:01 a.m., Thursday, May 1, 2014:

• Gasoline prices will increase by 2.0 cents per litre (cpl);
• Furnace and stove oil prices will increase by 2.0 cpl;
• Diesel prices will increase by 2.0 cpl; and
• Propane prices will decrease by 2.9 cpl for Superior Propane, by 4.7 cpl for Irving Energy Distribution and Marketing and by 4.7 cpl for Kenmac Energy Inc.

Including adjustments for taxes, pump prices for regular unleaded gasoline at self-serve outlets will now range from 141.9 cpl to 143.1 cpl. Maximum before tax propane prices will now range from 91.0 cpl to 92.8 cpl. 

The maximum price for furnace oil will now amount to 110.3 cpl plus tax.

The Commission's next scheduled price adjustment will be on May 15, 2014.

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