The Island Regulatory and Appeals Commission approved the following petroleum pricing decisions, effective 12:01 a.m., Monday, March 1, 2010:
• Gasoline prices will increase by 3.9 cents per litre (cpl);
• Furnace and stove oil prices will increase by 2.1 cpl;
• Diesel prices will increase by 2.1 cpl; and
• There will be no changes in propane prices at this time.
Including adjustments for taxes, pump prices for regular unleaded gasoline at self-serve outlets will now range from 101.9 cpl to 104.0 cpl.
Significant increases in the wholesale market price of gasoline, furnace oil and diesel products since the Commission’s last adjustment require the petroleum product price increases announced today.
The Commission's next scheduled price adjustment will be on March 15, 2010.