Charlottetown, Prince Edward Island,
October 15, 2016
The Island Regulatory and Appeals Commission approved
the following petroleum pricing decisions, effective 12:01 a.m.,
Saturday, October 15, 2016:
Gasoline prices will increase by 2.5
cents per litre (cpl);
Furnace and stove oil prices will
increase by 8.0 cpl;
Diesel prices will increase by 8.0 cpl;
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 107.0 cpl to
The maximum price for furnace oil will now amount to 83.3
cpl, plus tax.
Gasoline pricing continues to be impacted by the
lingering effects of supply interruptions related to recent pipeline and
weather related distribution issues. Furnace oil and diesel wholesale
pricing has increased significantly, as of late, as a result of the
seasonal implementation of winter blending processes for both products.
Prince Edward Island is not alone in facing these pricing challenges as
price increases for these products in both New Brunswick and Nova Scotia
over the past two weeks has been in excess of 10.0 cpl.
The Commissions next scheduled adjustment will be on
November 1, 2016.
Click here for
published prices effective October 15, 2016