Charlottetown, Prince Edward Island, February 1, 2017
The Island Regulatory and Appeals Commission approved
the following petroleum pricing decisions, effective 12:01 a.m.,
Wednesday, February 1, 2017:
Gasoline prices will decrease by 4.8
cents per litre (cpl);
Furnace and stove oil prices will
decrease by 1.0 cpl;
Diesel prices will decrease by 1.5 cpl;
Propane prices will increase by 4.5
cents per litre (cpl) for Superior Propane, by 3.9 cpl for Irving
Energy Distribution and Marketing and by 3.6 cpl for Kenmac Energy
Including adjustments for taxes, pump prices for regular
unleaded gasoline at self-serve outlets will now range from 105.5 cpl to
106.6 cpl. Maximum before tax propane prices will now range from 80.2
cpl to 81.0 cpl.
The maximum price for furnace oil will now amount to 79.4
cpl, plus tax.
Favourable trending of wholesale rack pricing for
gasoline, furnace oil and diesel over the past two weeks now affords the
price reductions announced today. Increased demand and reduced inventory
levels of propane, however, have produced the opposite effect resulting
in the increases announced for this product.
The Commission's next scheduled price adjustment will be
on February 15, 2017.
Click here for
published prices effective February 1, 2017