Gas prices fall on P.E.I. following first weekly price adjustment

Gas prices fell on P.E.I.,in an overnight scheduled change by the Island Regulatory Appeals Commission.

The scheduled price change is the first since IRAC's recentannouncement that it would move from bi-weekly price changes to weekly changes over the next two months.

Just after midnight the minimum price for self-serve gasoline decreased by5cents per litre. Prices nowrange from $1.152per litre to $1.164per litre, according to IRAC.

Pump prices for self-serve diesel fellby 4.8cents per litre, rangingfrom $1.210to $1.221per litre.

Islanders will see furnace prices decreaseby 5cents per litre. Including taxes, the maximum price for furnace oil is $0.925cents per litre.

No price adjustments were made for propane. The next scheduled price change for the Island will be on Aug. 16.

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