Charlottetown, Prince Edward Island, September 6, 2017
The Island Regulatory and Appeals Commission approved the following
petroleum pricing decisions, effective 12:01 a.m., Wednesday,
September 6, 2017:
Gasoline prices will increase by 8.0 cents per litre (cpl);
Furnace and Stove Oil prices will increase by 4.0 cpl; and
Diesel prices will increase by 3.0 cpl.
Including adjustments for taxes, pump prices for regular unleaded
gasoline at self-serve outlets will now range from 120.6 cpl to 121.8
cpl. Pump prices for diesel will range from 112.7 cpl to 113.9 cpl.
The maximum price for furnace oil will now amount to 76.3 cpl, plus tax.
Significant increases in the wholesale prices of gasoline, furnace oil
and diesel since the Commission’s last adjustment now necessitate the
unscheduled price increases announced today.
The impact of Hurricane Harvey continues to affect the supply and
wholesale pricing of all three petroleum products. Prince Edward Island
is not alone in facing such price increases. In recent days pump prices
across Canada and indeed across North America have risen dramatically.
Pump prices in Nova Scotia for example have risen 14.0 cpl since August
25th while pump prices across Canada now average 123.0 cpl.
The Commission will continue to monitor wholesale market pricing on a
daily basis and meet again by week’s end to assess the situation at that
Click here for
published prices effective September 6, 2017