Charlottetown, Prince Edward Island,
May 1, 2015
The Island Regulatory and Appeals Commission approved
the following petroleum pricing decisions, effective 12:01 a.m.,
Friday, May 1, 2015:
Gasoline prices will
increase by 1.5 cents per litre (cpl);
There will be no change in
furnace and stove oil prices;
Diesel prices will
increase by 1.7 cpl; and
Propane prices will
decrease by 4.5 cpl for Superior Propane, by 4.4 cpl for Irving
Energy Distribution and Marketing and by 5.0 cpl for Kenmac Energy
Including adjustments for taxes, pump prices for regular
unleaded gasoline at self-serve outlets will now range from 111.4 cpl to
112.5 cpl. Maximum before tax propane prices will now range from 66.2
cpl to 68.7 cpl.
The maximum price for furnace oil will continue at 83.7
cpl plus tax.
Recent escalation in the wholesale price of both gasoline
and diesel have necessitated the pricing adjustments announced today.
Seasonally related supply and demand issues typically impact motor fuel
pricing at this time of year.
Prince Edward Island is not alone in facing rising
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, 113.2
cpl; in New Glasgow, NS, 113.2 cpl; and in Corner Brook, NL, 120.7 cpl;
vs Charlottetown at 111.4 cpl.
The Commission's next scheduled price adjustment will be
on May 15, 2015.
Click here for
published prices effective May 1, 2015