The Island Regulatory and Appeals Commission approved the following petroleum pricing decisions, effective 12:01 a.m., Friday, August 15, 2014:
• Gasoline prices will decrease by 1.7 cents per litre (cpl);
• Furnace and stove oil prices will increase by 1.0 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 132.9 cpl to 134.1 cpl. Maximum before tax propane prices will continue to range from 79.8 cpl to 82.7 cpl.
The maximum price for furnace oil will now amount to 103.3 cpl, plus tax.
The Commission's next scheduled price adjustment will be on September 1, 2014.