CHARLOTTETOWN – The Island Regulator and Appeals Commission has approved a price decrease for most major petroleum products.
As of 12:01 a.m., July 15 the prices are as follows:
- Gasoline prices decreased by 3.3 cents per litre (cpl);
- Furnace and stove oil prices decreased by 4.5 cpl;
- Diesel prices decreased by 4.0 cpl; and
- 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 134.9 cpl to 136.0 cpl. Maximum before tax propane prices will continue to range from 81.8 cpl to 84.2 cpl.
The maximum price for furnace oil will now amount to 102.3 cpl, plus tax.
Reduced wholesale pricing noted over the past two weeks enable the pricing reductions announced today.
The Commission's next scheduled price adjustment will be on Aug. 1, 2014.