Charlottetown, Prince Edward Island, January 1, 2018
The Island Regulatory and Appeals Commission approved
the following petroleum pricing decisions, effective 12:01 a.m.,
Monday, January 1, 2018:
Gasoline prices will increase by 4.0
cents per litre (cpl); and
Furnace and stove oil prices will
increase by 3.3 cpl;
Diesel prices will
increase by 3.3 cpl; and
Propane prices will increase by 1.6 cents per litre (cpl)
for Superior Propane, by 1.0 cpl for Irving Energy Distribution and
Marketing and by 1.5 cpl for Kenmac Energy Inc.
Including adjustments for taxes, pump prices for regular
unleaded gasoline at self-serve outlets will now range from 114.5 cpl to
115.7 cpl. Maximum before tax propane prices will now range from 86.1
cpl to 86.5 cpl.
The maximum price for furnace oil will now amount to 90.5 cpl, plus tax.
The cold weather coupled with the busy holiday season has resulted in an
increase in demand and a rise in wholesale prices since the Commission’s
last adjustment thus necessitating the price increases announced today.
Prince Edward Island is not alone in facing such price increases.
Gasoline prices, for instance, have been climbing all across the country
in recent weeks. As at December 29th, pump prices were 114.4 cpl in
Halifax, 125.2 cpl in Montreal, 122.7 cpl in Ottawa and 123.0 cpl in
The Commission’s next scheduled price adjustment will be
on January 1, 2018.
Click here for
published prices effective January 1, 2018