Charlottetown, Prince Edward Island,
April 25, 2015
The Island Regulatory and Appeals Commission approved
the following petroleum pricing decision, effective 12:01 a.m.,
Saturday, April 25, 2015:
Gasoline prices will
increase by 4.0 cents per litre (cpl).
Including adjustments for taxes, pump prices for regular
unleaded gasoline at self-serve outlets will now range from 109.7 cpl to
Substantial increases in the wholesale price of gasoline
observed over the past three weeks now necessitate this unscheduled
price adjustment for motor gasoline.
Seasonally related increased demand, additional costs
associated with the production of more expensive summer grade gasolines
and, to a degree, increased speculative activity in the commodity
markets have all contributed to the current wholesale market dynamic.
This upward pressure on wholesale prices is anticipated to continue for
the foreseeable future.
Prince Edward Island is not alone in facing rising
gasoline prices. The regulated price of gasoline in all four Atlantic
Canadian provinces and, indeed, across the country has risen
substantially over the past few weeks. For comparative purposes, regular
self-serve gasoline in Halifax, NS, is currently 112.0 cpl; in Moncton,
NB, 109.9 cpl; in New Glasgow, NS, 113.2 cpl; and in Corner Brook, NL,
118.3 cpl; vs Charlottetown at 109.7 cpl.
The Commission's next scheduled price adjustment will be
on May 1, 2015.
Click here for
published prices effective April 25, 2015