Charlottetown, Prince Edward Island, November 15, 2018
The Island Regulatory and Appeals Commission approved
the following petroleum pricing decisions, effective 12:01 a.m.,
Thursday, November 15, 2018:
Gasoline prices will decrease by 4.5 cents per litre
Furnace and stove oil prices will decrease by 3.0 cpl;
Diesel prices will decrease by 3.9 cpl; and
Propane prices will decrease by 2.1 cents per litre (cpl)
for Superior Propane, by 1.7 cpl for Kenmac Energy Inc. and by 2.5
cpl for Irving Energy Distribution and Marketing.
Including adjustments for taxes, pump prices for regular unleaded
gasoline at self-serve outlets will now range from 108.9 cpl to 110.1
cpl. Pump prices for diesel will now range from 134.7 cpl to 135.8 cpl.
Maximum before tax propane prices will now range from 80.3 cpl to 81.4
The maximum price for furnace oil will now amount to 98.3 cpl, plus
Changes in wholesale pricing since the Commission’s last price
adjustment allow for the price reductions announced today. A sustained
build in gasoline inventories in recent weeks, the return to production
of a number of refineries previously shut down for maintenance and the
wind down of harvest related activities have all combined to exert a
downward pressure on wholesale prices.
The Commission’s next scheduled price adjustment will be on
December 1, 2018.
Click here for published prices effective
November 15, 2018