Charlottetown, Prince Edward Island,
June 1, 2015
The Island Regulatory and Appeals Commission approved
the following petroleum pricing decisions, effective 12:01 a.m.,
Monday, June 1, 2015:
Gasoline prices will
increase by 2.5 cents per litre (cpl);
Furnace and stove oil
prices will decrease by 1.7 (cpl);
Diesel prices will
decrease by 2.0 cpl; and
Propane prices will
decrease by 2.2 cpl for Superior Propane, by 1.9 cpl . for Irving
Energy Distribution and Marketing and by 2.7 cpl for Kenmac Energy
Pump prices for regular unleaded gasoline at self-serve
outlets will now range from 116.7 cpl to 117.9 cpl. Maximum before tax
propane prices will now range from 64.0 cpl to 66.8 cpl.
The maximum price for furnace oil will now amount to 83.7
cpl, plus tax.
More favourable inventory levels for distillate products
as of late have served to reduce wholesale rack pricing for both furnace
oil and diesel thus affording the price adjustments announced today.
Seasonal demand and heightened speculative activity, however, have
dramatically impacted wholesale gasoline pricing in recent weeks and now
necessitate an upward adjustment in price.
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 117.5 cpl; in
Moncton, NB, 116.7 cpl; in New Glasgow, NS, 118.7 cpl; and in Corner
Brook, NL, 124.2 cpl; vs Charlottetown at 116.7 cpl. The national
average pump price is now 117.4 cpl.
The Commission's next scheduled price adjustment will be
on June 15, 2015.
Click here for
published prices effective June 1, 2015