PETROLEUM PRICING

Charlottetown, Prince Edward Island, January 1, 2019 — The Island Regulatory and Appeals Commission approved the following petroleum pricing decisions, effective 12:01 a.m., Tuesday, January 1, 2019:

• Gasoline prices will decrease by 2.0 cents per litre (cpl);
• Furnace and stove oil prices will decrease by 3.0 cpl;
• Diesel prices will decrease by 4.0 cpl; and
• Propane prices will increase by 1.5 cents per litre (cpl) for Irving Energy Distribution and Marketing, by 0.8 cpl for Superior Propane and there will be no change for Kenmac Energy Inc.

Including adjustments for taxes as previously announced by the Province of PEI, pump prices for regular unleaded gasoline at self-serve outlets will now range from 95.7 cpl to 96.8 cpl. Pump prices for diesel will now range from 114.7 cpl to 115.8 cpl. Maximum before tax propane prices will now range from 78.3 cpl to 79.0 cpl.

The maximum price for furnace oil will now amount to 84.4 cpl, plus tax. 

The Commission’s next scheduled price adjustment will be on January 15, 2019.

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