Charlottetown, Prince Edward Island, March 23, 2018
The Island Regulatory and Appeals Commission approved
the following petroleum pricing decisions, effective 12:01 a.m.,
Friday, March 23, 2018:
Gasoline prices will increase by 3.9 cents per litre (cpl);
Diesel prices will increase by 2.9 cpl; and
There will be no change in the price of furnace oil, stove oil or
propane at this time.
Including adjustments for taxes, pump prices for regular
unleaded gasoline at self-serve outlets will now range from 119.4 cpl to
120.5 cpl. Pump prices for diesel will now range from 129.5 cpl to 130.6
The maximum price for furnace oil will continue at 89.3
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
March 22nd, escalated gasoline prices were observed all across the
country with Ottawa at 127.0 cpl, Montreal at 134.9 cpl, Vancouver at
154.6 cpl and the national average at 128.6 cpl.
The Commission’s next scheduled price adjustment will be on April 1,
Click here for
published prices effective March 23, 2018