Charlottetown, Prince Edward Island, January 26, 2018
The Island Regulatory and Appeals Commission approved
the following petroleum pricing decisions, effective 12:01 a.m.,
Friday, January 26, 2018:
Gasoline prices will increase by 4.0 cents per litre (cpl); and
There will be
no change in the price of furnace oil, stove oil, diesel or propane
at this time.
Including adjustments for taxes, pump prices for regular unleaded
gasoline at self-serve outlets will now range from 119.1 cpl to 120.3
cpl. Pump prices for diesel will continue to range from 127.9 cpl to
The maximum price for furnace oil will continue at 90.5 cpl, plus tax.
Significant increases in the wholesale price of gasoline since the
Commission’s last adjustment now necessitate the unscheduled price
increase announced today. An abnormally high demand for gasoline for
this time of year coupled with a reduction in inventory has contributed
to this situation.
Prince Edward Island is not alone in facing such price increases. As of
January 24th, escalated gasoline prices were observed all across the
country with Ottawa at 126.3 cpl, Toronto at 126.6 cpl, Montreal at
133.4 cpl, Vancouver at 143.3 cpl and the national average at 126.7 cpl.
The Commission’s next scheduled price adjustment will be
on February 1, 2018.
Click here for
published prices effective January 26, 2018