Charlottetown, Prince Edward Island,
December 9, 2016
The Island Regulatory and Appeals Commission approved the following
petroleum pricing decisions, effective 12:01 a.m., Friday,
December 9, 2016:
Gasoline and Diesel prices will both increase by 5.0 cents per litre (cpl);
There will be no change in furnace oil, stove oil or propane prices
at this time.
Including adjustments for taxes, pump prices for regular unleaded
gasoline at self-serve outlets will now range from 108.7 cpl to 109.8 cpl.
The maximum price for furnace oil will continue to amount to 78.9 cpl,
Significant increases in the wholesale prices of both gasoline and
diesel since the Commission’s last adjustment now necessitate the price
increases announced today.
Prince Edward Island is not alone in facing such increases in fuel
prices. Indeed, prices this past week have risen dramatically all across
the country with national average gasoline pricing now approaching 108.0
cpl, up approximately 5.0 cpl from the first of December. Regionally,
pump prices in New Brunswick, having increased yesterday by 4.7 cpl, can
now be found in excess of 111.0 cpl.
Commission's next scheduled price adjustment will be on December 15,
Click here for
published prices effective December 9, 2016