P.E.I. announces price increases

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CHARLOTTETOWN, P.E.I. – Prince Edward Island may be the only province that requires an application to raise fuel prices, but that hasn’t left it immune to recent increases.

The Prince Edward Island Regulatory and Appeals Commission has given Petro-Canada the go-ahead to increase the price of all grades of gasoline contained in its dealer and posted consumer price schedules by 0.6 cents per litre.

Prince Edward Islanders will also be paying more for furnace and stove oil, the prices of which are increasing two cents and a penny per litre, respectively. This measure is supposed to offset higher crude oil prices and the increased cost of refined products in the marketplace.

Superior Propane, meanwhile, can increase the price of propane to all classes of customers by 3.9 cents per litre. n

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