Charlottetown, Prince Edward Island, May 1, 2018
The Island Regulatory and Appeals Commission approved
the following petroleum pricing decisions, effective 12:01 a.m.,
Tuesday, May 1, 2018:
Gasoline prices will increase by 4.0 cents per litre
Furnace and Stove Oil prices will increase by 3.5
Diesel prices will increase by 3.6 cpl; and
Propane prices will decrease by 1.3 cpl for Superior Propane, by 2.0
cpl for Irving Energy Distribution and Marketing and increase by 1.0
cpl for Kenmac Energy Inc.
Including adjustments for taxes, pump prices for regular
unleaded gasoline at self-serve outlets will now range from 130.0 cpl to
131.1 cpl. Pump prices for diesel will range from 133.6 cpl to 134.8 cpl.
Maximum before tax propane prices will now range from 75.9 cpl to 78.4
The maximum price for furnace oil will now amount to 95.7 cpl, plus tax.
Escalated wholesale pricing related to a combination of increased
seasonal demand and a number of supply interruptions have necessitated
the pricing adjustments announced today. Prince Edward Island is not
alone in facing higher petroleum product prices. Indeed, Island gasoline
pricing continues to compare favourably with many areas of the country.
As of April 27th, average pump prices in Montreal were 139.4 cpl, Ottawa
136.8 cpl, Toronto 136.7 cpl, with the national average at 138.2 cpl.
The Commission’s next scheduled price adjustment will be on
Click here for
published prices effective May 1, 2018