The Island Regulatory and Appeals Commission approved the following petroleum pricing decisions, effective 12:01 a.m., Wednesday, September 15, 2010:
• Gasoline prices will increase by 1.5 cents per litre (cpl);
• Furnace oil and stove oil prices will increase by 2.0 cpl;
• Diesel prices will increase by 1.0 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 98.5 cpl to 100.6 cpl.
Increases in wholesale market prices since the Commission’s last adjustment necessitate the petroleum product price increases announced today.
The Commission's next scheduled price adjustment will be on October 1, 2010.