Charlottetown, Prince Edward Island,
August 23, 2016
The Island Regulatory and Appeals Commission approved the following
petroleum pricing decisions, effective 12:01 a.m., Tuesday, August
Gasoline prices will increase by 2.6 cents per litre (cpl);
Furnace and stove oil prices will increase by 3.5 cpl;
Diesel prices will increase by 3.5 cpl; and
There will be no change in propane prices at this time.
Including adjustments for taxes, pump prices for regular
unleaded gasoline at self-serve outlets will now range from 99.9 cpl to
The maximum price for furnace oil will now amount to 70.2
cpl, plus tax.
Significant increases in the wholesale prices of all
three petroleum products observed since the Commission’s last adjustment
date now necessitate the increases announced today. Flood related
refinery production interruptions combined with increased demand have
impacted market conditions as of late exerting upward pressure on
The Commission’s next scheduled price adjustment will be
on September 1, 2016.
Click here for
published prices effective August 23, 2016