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PETROLEUM PRICING
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Charlottetown, Prince Edward Island, April 1, 2019
—
The Island Regulatory and Appeals Commission approved the following
petroleum prices,
effective 12:01 a.m., Monday, April 1, 2019:
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There will be no change in the price of Gasoline, Furnace or Stove
Oil;
-
Diesel prices will decrease by 1.0 cent per litre (cpl); and
-
Propane prices will decrease by 0.8 cpl for Irving Energy
Distribution and Marketing, by 1.5 cpl for Superior Propane and by
1.4 cpl for Kenmac Energy Inc.
Gasoline and
diesel prices include the carbon levy as shown in the chart below.
Including taxes and carbon levies, pump prices for regular unleaded
gasoline at self-serve outlets will now range from 119.8 cpl to 121.0
cpl. Pump prices for diesel will now range from 132.5 cpl to 133.6 cpl.
Maximum before tax propane prices will now range from 77.8 cpl to 78.9
cpl and the maximum price including HST of 5% for furnace oil will
continue to be 99.8 cpl.
A breakdown of the components of local prices is as follows:
| |
Regular Gas |
Diesel |
|
Furnace Oil |
|
RETAIL PUMP PRICES |
Self-Serve |
|
Benchmark Price |
74.1 |
|
Benchmark Price |
69.6 |
79.5 |
|
+ Retail Margin |
21.0 |
|
+ Wholesale Margin |
5.0 |
5.0 |
|
= Maximum Price |
95.1 |
|
= Base Price |
74.6 |
84.5 |
|
+ Tax (5%) |
4.7 |
|
+ Fed Excise Tax |
10.0 |
4.0 |
|
= Maximum Price (Incl
Tax) |
99.8 |
|
+ Prov Tax |
9.68 |
15.83 |
|
|
|
|
+ Carbon Levy |
4.42 |
5.37 |
|
|
= Wholesale Price |
98.7 |
109.7 |
|
|
|
| |
Min. |
Max. |
Min. |
Max. |
|
|
|
|
+ Retail Margin |
5.5 |
6.5 |
5.5 |
6.5 |
|
|
|
|
+ HST (15%) |
15.6 |
15.8 |
17.3 |
17.4 |
|
|
|
|
= Pump Price |
119.8 |
121.0 |
132.5 |
133.6 |
|
|
|
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Prices in Canadian Cents
per Litre (cpl) |
The Commission’s next scheduled price adjustment will be on
April 15, 2019.
—30—
Click here for published prices effective
April 01, 2019
Posted: 2019/04/01
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