The Island Regulatory and Appeals Commission announced today that wholesalers have been directed to decrease prices in their dealer and consumer schedules by 5.4 cents per litre (cpl) on gasoline, by 8.0 cpl on diesel and by 5.5 cpl on furnace fuel and stove oil, effective 12:01 a.m. Friday, September 15, 2006.
Pump prices for regular unleaded gasoline at self-serve outlets will now range from 93.9 cents per litre to 95.5 cents per litre.
There are no changes to propane prices at this time.
In announcing the price changes, the Commission indicated that the continuing fall in petroleum prices is the result of a combination of factors including the easing of geo-political tensions in the Middle East, the end of the peak summer driving season and the fact that there has been limited hurricane activity in oil producing and refining regions thus far this year.
The Commission’s next scheduled price adjustment will be on October 1.