PETROLEUM PRICING

Charlottetown, Prince Edward Island, July 15, 2014 — The Island Regulatory and Appeals Commission approved the following petroleum pricing decisions, effective 12:01 a.m., Tuesday, July 15, 2014:

• Gasoline prices will decrease by 3.3 cents per litre (cpl);
• Furnace and stove oil prices will decrease by 4.5 cpl;
• Diesel prices will decrease by 4.0 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 134.9 cpl to 136.0 cpl. Maximum before tax propane prices will continue to range from 81.8 cpl to 84.2 cpl. 

The maximum price for furnace oil will now amount to 102.3 cpl, plus tax.

Reduced wholesale pricing noted over the past two weeks enable the pricing reductions announced today.

The Commission's next scheduled price adjustment will be on August 1, 2014.

  —30—