Charlottetown, Prince Edward Island,
December 15, 2013
The Island Regulatory and Appeals Commission approved the following
petroleum pricing decisions, effective 12:01 a.m., Sunday, December
Gasoline prices will decrease by 1.0 cent per litre (cpl);
Furnace and stove oil prices will increase by 1.5 cpl;
There will be no change in diesel or propane prices at this time.
Pump prices for regular unleaded gasoline at self-serve outlets will now
range from 129.5 cpl to 130.6 cpl.
The maximum price for furnace oil will now amount to 113.3 cpl plus tax.
While some moderation in wholesale gasoline pricing has occurred, retail
furnace oil prices now require additional adjustment due to escalated
wholesale pricing observed over the past two weeks. During this time the
New York Harbour wholesale furnace oil price has risen in order of 2.5
cents per litre.
As background, the return to near full production capacity of a number
of North American East Coast refineries has served to address previously
noted shortages of both gasoline and distillate inventories. The
continued strong export of furnace oil to Europe and South America,
however, combined with traditional North American seasonal demand has
resulted in a continued upward pressure on the wholesale price of
The Commission's next scheduled price adjustment will be on January 1,
Click here for
published prices effective December 15, 2013