PETROLEUM PRICING

Charlottetown, Prince Edward Island, June 1, 2016 — The Island Regulatory and Appeals Commission approved the following petroleum pricing decisions, effective 12:01 a.m., Wednesday, June 1, 2016:

• There will be no change in the price of gasoline, furnace oil, stove oil or diesel;
• Propane prices will increase by 2.1 cents per litre for Superior Propane, by 1.7 cpl for Irving Energy Distribution and Marketing and by 2.1 cpl for Kenmac Energy Inc.

Pump prices for regular unleaded gasoline at self-serve outlets will continue to range from 106.4 cpl to 107.5 cpl.  Maximum before tax propane prices will now range from 67.3 cpl to 69.2 cpl. 

The maximum price for furnace oil will continue to be 71.2 cpl plus tax.

The Commission's next scheduled price adjustment will be on June 15, 2016.

 —30—