Charlottetown, Prince Edward Island, January 11, 2019
The Island Regulatory and Appeals Commission approved
the following petroleum pricing decisions, effective 12:01 a.m.,
Friday, January 11, 2019:
Gasoline prices will increase by 3.0 cents per litre (cpl);
Furnace oil and stove oil prices will increase by 4.2 cpl;
Diesel prices will increase by 5.1 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 99.1 cpl to 100.3 cpl.
Pump prices for diesel will now range from 120.5 cpl to 121.7 cpl.
Maximum before tax propane prices will continue to range from 78.3 cpl
to 79.0 cpl. The maximum price for furnace oil will now be 88.6 cpl,
Significant increases in the commodity prices for gasoline, furnace oil
and diesel on the New York Harbour Exchange since January 1, 2019 have
resulted in higher wholesale rack prices. The Commission’s pricing model
dictates the need for this pricing adjustment to meet the target
wholesale margins. Wholesale price increases are occurring elsewhere in
the region. Pump prices for diesel in New Brunswick, for instance, rose
by 5.2 cpl on Thursday.
A breakdown of the components of local gasoline and diesel prices is
The Commission’s next scheduled price adjustment will be on
January 15, 2019.
Click here for published prices effective
January 11, 2019