PETROLEUM PRICING

Charlottetown, Prince Edward Island, April 15, 2018 — The Island Regulatory and Appeals Commission approved the following petroleum pricing decisions, effective 12:01 a.m., Sunday, April 15, 2018:

• Gasoline prices will increase by 3.5 cents per litre (cpl);

• There will be no change in the price of furnace oil, stove oil or diesel at this time; and

• Propane prices will decrease by 0.5 cents per litre (cpl) for Superior Propane, by 2.1 cpl for Kenmac Energy Inc. and increase by 1.0 cpl for Irving Energy Distribution and Marketing.

Including adjustments for taxes, pump prices for regular unleaded gasoline at self-serve outlets will now range from 125.4 cpl to 126.5 cpl. Maximum before tax propane prices will now range from 77.4 cpl to 78.6 cpl.

The maximum price for furnace oil will continue at 92.2 cpl, plus tax.

Continued escalation in gasoline pricing driven by increased demand necessitates the price adjustment announced today.

The Commission’s next scheduled price adjustment will be on May 1, 2018.

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