Petroleum Pricing Adjustments

Declining world oil prices will result in a mid-month price adjustment for gasoline and diesel fuel.

The Island Regulatory and Appeals Commission announced today that wholesalers have been authorized to decrease the prices of gasoline and diesel fuel in their dealer and consumer schedules by 2.0 cents per litre (cpl).

Effective November 15, 2004 the average maximum pump price of regular unleaded gasoline at self-serve outlets will be 90.5 cpl.

All pricing adjustments become effective at 12:01 a.m. on Monday, November 15, 2004.

For additional information, contact Allison MacEwen, Island Regulatory and Appeals Commission, (902) 892-3501.

Media Contact: Island Information Service