PETROLEUM PRICING

Charlottetown, Prince Edward Island, December 16, 2014 — The Island Regulatory and Appeals Commission approved the following petroleum pricing decisions, effective 12:01 a.m., Tuesday, December 16, 2014:

• Gasoline prices will decrease by 6.7 cents per litre (cpl);
• Furnace and stove oil prices will decrease by 3.0 cpl;
• Diesel prices will decrease by 3.0 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 99.9 cpl to 101.0 cpl.  

The maximum price for furnace oil will now amount to 91.3 cpl, plus tax.

Continued significant decreases in the wholesale price of gasoline, furnace oil and diesel over the past week allow for the price adjustments announced today.

The Commission's next scheduled price adjustment will be on January 1, 2015.

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