March 14, 2006 The Island Regulatory and Appeals Commission announced today that wholesalers have been authorized to increase prices in their dealer and consumer schedules by 4.3 cents per litre (cpl) on gasoline, by 2.8 cpl on diesel and by 2.7 cpl on furnace fuel and stove oil, effective 12:01 a.m. Wednesday, March 15, 2006.Accordingly, pump prices for regular unleaded gasoline at self-serve outlets will now range from 96.9 cents per litre to 98.5 cents per litre. The maximum prices for propane remain unchanged.In announcing the price increases, the Commission indicated that significant increases in world crude prices observed over the past 14 days have affected commodity markets and have necessitated price adjustments at this time. Issues currently facing the market including continued high crude prices, seasonal demand concerns and impending environmental regulations may serve to continue upward pressure on gasoline prices, in particular, in the coming months.The Commission’s next scheduled price adjustment will be on April 1st. Media Contact: Allison MacEwen