The Island Regulatory and Appeals Commission approved the following petroleum pricing decisions, effective 12:01 a.m., Thursday, December 15, 2011:
• Gasoline prices will increase by 1.0 cent per litre (cpl);
• Diesel prices will decrease by 3.5 cpl;
• Furnace and stove oil prices will decrease by 3.5 cpl and;
• There will be no change in propane prices at this time.
Including adjustments for taxes, pump prices for regular unleaded gasoline at self-serve outlets will now range from 115.9 cpl to 118.0 cpl.
The Commission's next scheduled price adjustment will be on January 1, 2012.