PETROLEUM PRICING

Charlottetown, Prince Edward Island, July 1, 2018 — The Island Regulatory and Appeals Commission approved the following petroleum pricing decisions, effective 12:01 a.m., Sunday, July 1, 2018:

• Gasoline prices will increase by 1.4 cents per litre (cpl);

• There will be no change in furnace and stove oil prices;

• Diesel prices will increase by 1.0 cpl; and

• Propane prices will decrease by 2.1 cpl for Superior Propane, by 3.5 cpl for Irving Energy Distribution and Marketing and by 2.4 cpl for Kenmac Energy Inc

Including adjustments for taxes, pump prices for regular unleaded gasoline at self-serve outlets will now range from 129.5 cpl to 130.6 cpl. Pump prices for diesel will range from 135.4 cpl to 136.5 cpl. Maximum before tax propane prices will now range from 77.3 cpl to 78.8 cpl.

The maximum price for furnace oil will continue to amount to 96.1 cpl, plus tax.

The Commission’s next scheduled price adjustment will be on July 15, 2018.

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