The Island Regulatory and Appeals Commission approved the following petroleum pricing decisions, effective 12:01 a.m., Sunday, June 1, 2014:
• Gasoline prices will increase by 1.5 cents per litre (cpl);
• There will be no change in the price of furnace oil or diesel; and
• Propane prices will decrease by 8.4 cpl for Superior Propane, by 8.4 cpl for Irving Energy Distribution and Marketing and by 7.3 cpl for Kenmac Energy Inc.
Including adjustments for taxes, pump prices for regular unleaded gasoline at self-serve outlets will now range from 138.6 cpl to 139.8 cpl. Maximum before tax propane prices will now range from 82.6 cpl to 84.4 cpl.
The maximum price for furnace oil will continue to be 106.8 cpl plus tax.
The Commission's next scheduled price adjustment will be on June 15, 2014.