The Island Regulatory and Appeals Commission approved the following petroleum pricing decisions, effective 12:01 a.m., Saturday, December 15, 2012:
● Gasoline prices will decrease by 4.0 cents per litre (cpl);
● Furnace and stove oil prices will decrease by 2.0 cpl;
● Diesel prices will decrease by 1.4 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 114.7 cpl to 115.7 cpl.
The maximum price for furnace oil will now amount to 103.3 cpl plus GST.
The Commission's next scheduled price adjustment will be on January 1, 2013.