Charlottetown, Prince Edward Island,
December 1, 2016
The Island Regulatory and Appeals Commission approved the following
petroleum pricing decisions, effective 12:01 a.m., Thursday,
December 1, 2016:
Gasoline prices will increase by 2.6 cents per litre (cpl);
There will be no change in the price of Furnace Oil, Stove Oil or
Propane prices will increase by 0.5 cpl for Superior Propane and
there will be no change for Irving Energy Distribution and Marketing
and Kenmac Energy Inc.
Including adjustments for taxes, pump prices for regular unleaded
gasoline at self-serve outlets will now range from 102.9 cpl to 104.1
cpl. Maximum before tax propane prices will now range from 73.3 cpl to
The maximum price for furnace oil will continue to amount to 78.9 cpl,
Increases in the wholesale price of gasoline as of late necessitate the
pricing adjustment announced today.
Commission notes that as a result of decisions made today on the part of
OPEC member nations, wholesale prices of crude, gasoline and furnace oil
have risen dramatically. While it is anticipated that this impact will
be of a temporary nature, should it be sustained for any significant
period, the Commission may need to adjust prices prior to its next
regularly scheduled adjustment date of December 15th.
Click here for
published prices effective December 1, 2016