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Island Regulatory & Appeals Commission

Island Regulatory & Appeals Commission

Prince Edward Island

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Petroleum

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The Petroleum Products Act gives the Commission the authority to regulate petroleum prices and license petroleum outlets.

NOTICE TO PETROLEUM CONSUMERS: The Commission would like to advise consumers that the Government of PEI has announced the temporary suspension of the provincial gas tax on all grades of gasoline and diesel fuels from September 26, 2026 until January 31, 2027. This will come into effect at 12:01 AM on Saturday, September 26, 2026. Click here for more information.

NOTICE TO PETROLEUM CONSUMERS: The Government of Canada has announced that the temporary suspension of the Federal Excise Tax on fuel will be extended until January 31, 2027.

NOTICE ABOUT WEEKLY PETROLEUM PRICING ADJUSTMENTS: Please note that the Commission has shifted to twice-weekly scheduled pricing adjustments for petroleum products. Pricing adjustments will take place on Tuesdays and Fridays each week, with prices coming into effect at 12:01AM. The twice-weekly scheduled pricing adjustments will be in effect until further notice.

NOTICE: The Commission recently provided a briefing on petroleum regulation to the Standing Committee on Natural Resources and Environmental Sustainability. Click here to view the presentation provided to Committee.

NOTICE: The Commission is undertaking a petroleum margin review. The Commission is requesting public feedback at this time. Click here for more information.

NOTICE: The Commission has reviewed the allowable annual rental rates for residential propane tanks and cylinders and has issued an Order. Click here for more information and to view Order.

Filings & Applications

Petroleum Applications – Current
  • PMC25-01 – Commission Petroleum Pricing and Margin Review
Petroleum Applications – Decisions
  • PD531 – New Retail Gasoline Outlet Application – Quick-Stop
  • PR902 – Propane Tank Rental Rate Review
  • PD527 – New Retail Gasoline Outlet Application – D.P. Murphy
  • PMC22-01 – Commission Petroleum Margin Review
  • PMC21-01 – Commission Petroleum Margin Review
  • New Retail Gasoline Outlet Application – Mel’s Enterprises – June 25, 2021
Petroleum Applications – Archived
  • PC19-003 Minimum and Maximum Mark-up for Retail Gasoline
  • Assessment Order 2021-Petroleum Rates Assessments – January 6, 2021
  • Petroleum – Retail Gasoline and Diesel Outlet – Fortune Travelstop Inc.
  • Petroleum – Notice of Application – Retail Gasoline and Diesel Outlet – Parkland Fuel Corporation – October 18, 2017
  • Petroleum – Notice of Application – Granville Enterprises Inc. – September 15, 2014(Version française)

Petroleum

  • Current Petroleum Prices
  • Petroleum Product Pricing Methodology
  • Determination of Wholesale and Retail Margins
  • Kent Group Petroleum Pricing Data
  • Petroleum Pricing Terms
  • Frequently Asked Questions (Version française)

Industry

  • Petroleum Forms
  • Current License Fees
  • Designated Outlet License Classes and Methods of Dispensing
  • Provincial Gasoline Tax Information

Legislation and Regulations

  • Petroleum Products Act
  • Petroleum Products Acts Regulations

Other Provincial Petroleum Pricing Regulators

  • New Brunswick Energy & Utilities Board (NBEUB)
  • Nova Scotia Energy Board (NSEB)
  • Newfoundland & Labrador Board of Commissioners of Public Utilities (NLPUB)

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Petroleum Contacts

petroleuminquiries@irac.pe.ca |  902-892-3501

Petroleum

  • Current Petroleum Prices
  • Historical Pricing
  • Historical Pricing Prior to 2021
  • Frequently Asked Questions

Industry

  • Petroleum Forms
  • Current License Fees
  • Designation of Outlet License Classes and Methods of Dispensing
  • Provincial Gasoline Tax Information

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Contact Us

Office Location

5th Floor, Suite 501
National Bank Tower
134 Kent Street
Charlottetown, PE

 Contact

Tel 902-892-3501
PEI toll-free 1-800-501-6268
Fax 902-566-4076
Hours: Mon-Fri 8:00am - 4:30pm

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