The Island Regulatory and Appeals Commission approved the following petroleum pricing decisions, effective 12:01 a.m., Wednesday, February 1, 2012:
• Gasoline prices will increase by 1.5 cents per litre (cpl);
• There will be no change in the price of furnace and stove oil;
• Diesel prices will decrease by 1.0 cpl; and
• Propane prices will decrease by 4.7 cpl for Superior Propane, by 5.1 cpl for Irving Energy Distribution and Marketing and by 3.7 cpl for Kenmac Energy Inc.
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.
The maximum price for furnace oil will continue to be 106.3 cpl.
The Commission's next scheduled price adjustment will be on February 15, 2012.