Charlottetown, Prince Edward Island, November 11, 2017
The Island Regulatory and Appeals Commission approved
the following petroleum pricing decisions, effective 12:01 a.m.,
Saturday, November 11, 2017:
Gasoline prices will increase by 4.5
cents per litre (cpl);
Furnace and stove oil prices will
increase by 2.5 cpl;
Diesel prices will increase by 2.5 cpl;
There will be no change in the price of propane at this time.
Including adjustments for taxes, pump prices for regular
unleaded gasoline at self-serve outlets will now range from 118.9 cpl to
120.1 cpl. Pump prices for diesel will now range from 124.1 cpl to 125.2
The maximum price for furnace oil will now amount to 87.2
cpl, plus tax.
Significant increases in the wholesale price of the above
referenced petroleum products since the Commission’s last adjustment now
necessitate the unscheduled price increases announced today. An
abnormally high demand for gasoline for this time of year coupled with
seasonally related increased consumption for both furnace oil and diesel
have contributed to this situation.
Prince Edward Island is not alone in facing such price increases. As of
November 10, 2017, escalated gasoline prices were observed all across
the country with Ottawa at 123.8 cpl, Toronto at 123.9 cpl, Montreal at
130.1 cpl, Halifax at 119.5 cpl, St. Johns at 134.3 cpl and the national
average at 126.1 cpl.
The Commission's next scheduled price adjustment will be
on November 15, 2017.
Click here for
published prices effective November 11, 2017