The Island Regulatory and Appeals Commission approved the following petroleum pricing decisions, effective 12:01 a.m., Saturday, March 15, 2014:
● Gasoline prices will decrease by 1.5 cents per litre (cpl);
● Furnace and stove oil prices will decrease by 7.0 cpl;
● Diesel prices will decrease by 6.0 cpl; and
● Propane prices will decrease by 9.4 cpl for Superior Propane, by 6.0 cpl for Kenmac Energy Inc., and there will be no change in pricing for Irving Energy Distribution and Marketing.
Including adjustments for taxes, pump prices for regular unleaded gasoline at self-serve outlets will now range from 136.8 cpl to 137.9 cpl. Maximum before tax propane prices will now range from 109.1 cpl to 115.5 cpl.
The maximum price for furnace oil will now amount to 114.3 cpl, plus tax.
The Commission's next scheduled price adjustment will be on April 1, 2014.