July 31, 2002 The Island Regulatory and Appeals Commission announced today that wholesalers have been authorized to increase the prices in their dealer and consumer schedules by 2.9 cents per litre (cpl) on regular gasoline, 3.4 cpl on mid-grade gasoline, 3.9 cpl on premium gasoline, and 1.5 cpl on diesel, furnace and stove oil. Effective August 1, 2002 the average maximum pump price of regular unleaded gasoline at self-serve outlets will be 71.9 cpl. Irving Oil Limited and Superior Propane Inc. both received approval to decrease, by 1.1 cpl, all propane prices contained in their respective propane pricing schedules based on decreased product acquisition costs. All pricing adjustments become effective at 12:01 a.m. on Thursday, August 1, 2002.Media Contact: Island Information Service