Charlottetown, Prince Edward Island, April 13, 2017
The Island Regulatory and Appeals Commission approved the following
petroleum pricing decisions, effective 12:01 a.m., Thursday, April
Gasoline prices will increase by 4.5 cents per litre
Diesel prices will increase by 2.0 cpl; and
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 112.4 cpl to 113.5
The maximum price for furnace oil will continue to amount to 78.4 cpl,
Significant increases in the wholesale prices of gasoline and diesel
observed since the Commission’s last adjustment date now necessitate the
unscheduled price increases announced today. Prince Edward Island is not
alone in facing such escalation of petroleum prices and pump prices in
this province are currently well below regional and national averages.
Indeed, pump prices in Toronto jumped by 6.0 cpl yesterday and now
average in excess of 121.0 cpl. For the past week Charlottetown’s
self-serve pump price of 107.2 has compared favourably with Halifax at
112.8 cpl, Moncton at 111.9 and the national average of 117.3. Even with
today's adjustment Charlottetown’s pump price of 112.4 cpl is well below
national and regional average pricing.
As a result of today’s unscheduled price adjustment there will be no
regularly scheduled price adjustments announced on April 15th.
The Commission’s next scheduled price adjustment, therefore, will be on
May 1, 2017. Given the significant volatility in petroleum market
pricing currently observed, however, the Commission will continue to
monitor market pricing on a daily basis to determine if additional
adjustments should be necessary prior to its next scheduled adjustment
Click here for
published prices effective April 13, 2017