Charlottetown, Prince Edward Island, September 1, 2017
The Island Regulatory and Appeals Commission approved
the following petroleum pricing decisions, effective 12:01 a.m.,
Friday, September 1, 2017:
Gasoline prices will increase by 4.0
cents per litre (cpl);
There will be no change in the price
of Furnace, Stove Oil or Diesel.
Propane prices will increase by 4.5
cents per litre (cpl) for Superior Propane, by 3.6 cpl for Irving
Energy Distribution and Marketing and by 3.5 cpl for Kenmac Energy
Including adjustments for taxes, pump prices for regular
unleaded gasoline at self-serve outlets will now range from 111.4 cpl to
112.6 cpl. Maximum before tax propane prices will now range from 73.8
cpl to 74.8 cpl.
The maximum price for furnace oil will continue to amount
to 72.3 cpl, plus tax.
The effects of Hurricane Harvey have resulted in a
reduction in the supply of gasoline. As a result, the wholesale trading
price of gasoline has jumped significantly necessitating the pricing
adjustment announced today. Due to the uncertainty surrounding when
refineries will be able start producing gasoline again it is expected
that there will continue to be volatility in the price of gasoline on
the commodity markets. The Commission will be closely monitoring this
situation and will be meeting again in one week to review prices.
Click here for
published prices effective September 1, 2017