The Island Regulatory and Appeals Commission approved the following petroleum pricing decisions, effective 12:01 a.m., Saturday, January 10, 2009:
• Gasoline prices will increase by 5.0 cents per litre (cpl);
• Furnace and stove oil prices will increase by 5.0 cpl;
• Diesel prices will increase by 5.0 cpl; and
• There will be no changes in propane pricing at this time.
Including taxes, pump prices for regular unleaded gasoline at self-serve outlets will now range from 72.2 cpl to 74.3 cpl.
Dramatic increases in wholesale product costs have necessitated the unscheduled adjustments to petroleum prices announced today.
The Commission's next scheduled price adjustment will be on January 15, 2009.