The Island Regulatory and Appeals Commission announced today that there will be no change in petroleum prices on March 15.
Petroleum markets remain volatile with upward pressure on the price of some refined products (gasoline) while crude prices have eased. This situation may be corrected in the next few days if crude prices remain below the $60.00 mark and, accordingly, the Commission does not see a need to implement any changes at this time.
The Commission monitors market conditions on a daily basis and, if necessary, will implement an unscheduled price adjustment prior to the next scheduled adjustment date of April 1, 2007.