Charlottetown, Prince Edward Island, November 8, 2018
The Island Regulatory and Appeals Commission approved
the following petroleum pricing decisions, effective 12:01 a.m.,
Thursday, November 8, 2018:
prices will decrease by 3.3 cents per litre (cpl);
Furnace oil and stove oil prices will decrease by 2.3 cpl;
will decrease by 2.2 cpl; and
There will be no change in propane prices at this time.
Including adjustments for taxes, pump prices for regular
unleaded gasoline at self-serve outlets will now range from 114.1 cpl to
115.2 cpl. Pump prices for diesel will now range from 139.2 cpl to 140.3
cpl. Maximum before tax propane prices will continue to range from 82.2
cpl to 83.5 cpl.
The maximum price for furnace oil will now be 101.3 cpl,
A number of factors have combined to impact wholesale
market pricing as of late, including:
A number of
refineries which had previously been shut down for seasonal
maintenance have now returned to service;
inventory levels are high; and
The wind down
of harvest related activities has reduced the overall demand for
This observed reduction in wholesale pricing now affords
the unscheduled pricing adjustments announced today.
The Commission’s next scheduled price adjustment will be on
November 15, 2018.
Click here for published prices effective
November 8, 2018