The Island Regulatory and Appeals Commission approved the following petroleum pricing decisions, effective 12:01 a.m., Saturday October 15, 2011:
● Gasoline prices will increase by 4.0 cents per litre (cpl);
● Diesel prices will increase by 4.5 cpl;
● Furnace and stove oil prices will increase by 2.5 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 121.7 cpl to 123.8 cpl.
Significant increases in the wholesale price of gasoline, furnace oil and diesel observed since October 1 necessitate the price adjustments announced today.
The Commission's next scheduled price adjustment will be on November 1, 2011.