PETROLEUM PRICING

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

• Gasoline prices will decrease by 1.0 cent per litre (cpl);

• Furnace and stove oil prices will decrease by 1.8 cpl;

• Diesel prices will decrease by 2.7 cpl; and

• Propane prices will increase by 0.6 cents per litre (cpl) for Superior Propane, by 2.1 cpl for Kenmac Energy Inc. and remain unchanged for Irving Energy Distribution and Marketing.

Including adjustments for taxes, pump prices for regular unleaded gasoline at self-serve outlets will now range from 128.3 cpl to 129.5 cpl. Pump prices for diesel will range from 132.3 cpl to 133.4 cpl. Maximum before tax propane prices will now range from 77.3 cpl to 80.2 cpl.

The maximum price for furnace oil will now amount to 94.3 cpl, plus tax.

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

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