Gas, oil prices up in P.E.I.

Islanders are waking upto higher prices for gas and heating oil onNew Year's Day.

The Island Regulatory and Appeals Commission announced the scheduled price adjustment at midnight. Itincludes:

• Gasoline up fourcents per litre.
• Furnace oil up 3.3 centsperlitre.
• Diesel up 3.3 cents per litre.
• Propane up to 1.6 cents per litre (from onecent).

At the pumps, Islanders will now pay between 114.5 centsto 115.7 cents per litre for regular self-serve gas.

"The cold weather coupled with the busy holiday season has resultedin an increase in demand and a rise in wholesale prices," the commission saidin a written statement. "Prince Edward Island is not alone in facing such price increases."

The commission's next scheduled price adjustment will be on Jan.15.

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