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P.E.I. gas prices drop 1.5 cents July 24

The Nova Scotia Utility and Review Board says it will invoke the interrupter clause of the provincial price-setting rules, which means it will be adjusting the retail price of gasoline at midnight Tuesday. Based on the dramatic decline in the price of oil during market trading on Monday, it is expected the price will be cut by more than six cents a litre. FILE
Gas prices have dropped by 1.5 cents per litre, but there is no change to diesel or furnace oil in the latest petroleum pricing announcement for P.E.I. FILE - Contributed

Gas prices have dropped by 1.5 cents per litre, but there is no change to diesel or furnace oil in the latest petroleum pricing announcement from the Island Regulatory and Appeals Commission.

At self-serve outlets, prices for regular, unleaded gas now range from 99.7 to 100.9 cpl and prices for diesel range from 100.6 to 101.8 cpl. The maximum price for furnace oil is 70.1 cpl.

The commission’s next scheduled price adjustment is July 31.

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