PETROLEUM PRICING

The Island Regulatory and Appeals Commission announced today that currently approved prices for gasoline, diesel, furnace and stove oil will remain in effect.

Irving Oil Marketing Limited received approval to decrease by 3.6 cpl, and Superior Propane Inc. received approval to decrease by 3.3 cpl, all propane prices contained in their respective propane pricing schedules based on decreased costs.

The Commission’s next scheduled price adjustment will be on November 15, 2006.

Media Contact: Allison MacEwen