Charlottetown, Prince Edward Island,
April 1, 2016
The Island Regulatory and Appeals Commission approved
the following petroleum pricing decisions, effective 12:01 a.m.,
Friday, April 1, 2016:
Gasoline prices will increase by 6.0
cents per litre (cpl);
There will be no change in furnace,
stove oil or diesel prices; and
Propane prices will decrease by 2.2
cpl for Superior Propane, by 1.3 cpl for Irving Energy Distribution
and Marketing and by 2.5 cpl for Kenmac Energy Inc.
Including adjustments for taxes, pump prices for regular
unleaded gasoline at self-serve outlets will now range from 97.6 cpl to
98.7 cpl. Maximum before tax propane prices will now range from 66.8 cpl
to 69.4 cpl.
The maximum price for furnace oil will continue to amount
to 72.7 cpl, plus tax.
Continued escalation in the wholesale price of gasoline
now necessitates the pricing adjustment announced today. Today’s
adjustment, while significant, serves to bring PEI pump pricing in line
with prices observed in our neighboring provinces. Indeed,
Charlottetown’s pump price of 97.6 cpl compares favourably with Moncton,
New Brunswick @ 97.9 cpl and St. Johns, Newfoundland @ 104.3 cpl.
The Commission's next scheduled price adjustment will be
on April 15, 2016.
Click here for
published prices effective April 1, 2016