The Island Regulatory and Appeals Commission approved the following petroleum pricing decisions, effective 12:01 a.m., Tuesday, January 1, 2013:
● Gasoline prices will increase by 5.0 cents per litre (cpl);
● Furnace and stove oil prices will increase by 3.0 cpl;
● Diesel prices will increase by 3.0 cpl; and
● Propane prices will decrease by 2.6 cpl for Superior Propane, by 3.8 cpl for Irving Energy Distribution and Marketing and there will be no change in prices for Kenmac Energy Inc.
Including adjustments for taxes, pump prices for regular unleaded gasoline at self-serve outlets will now range from 119.9 cpl to 121.0 cpl.
The maximum price for furnace oil will now amount to 106.3 cpl plus GST.
The Commission's next scheduled price adjustment will be on January 15, 2013.