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PETROLEUM PRICING
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Charlottetown, Prince Edward Island, April 9, 2019
—
The
Island Regulatory and Appeals Commission approved the following
petroleum prices in an unscheduled price adjustment, effective 12:01
a.m., Tuesday, April 9, 2019:
-
Gasoline
prices will increase by 3.1 cents per litre (cp);
-
There will be no change in furnace, stove oil, diesel or propane
prices at this time.
Including
taxes, pump prices for regular unleaded gasoline at self-serve outlets
will now range from 123.4 cpl to 124.5 cpl.
The
price
of gasoline on the New York Mercantile Exchange has increased
substantially in the past week. Rising crude oil prices, growing demand,
and increased production costs have all contributed to this increase.
Gas prices are up across the country as well. As of April 8th, a sample
of Canadian pump prices shows Moncton at 126.7 cpl, Montreal at 131.7
cpl, Toronto at 124.5 cpl, and Vancouver at 162.7 cpl and the national
average at 130.4 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 |
72.7 |
79.5 |
|
+ Retail Margin |
21.0 |
|
+ Wholesale Margin |
5.0 |
5.0 |
|
= Maximum Price |
95.1 |
|
= Base Price |
77.7 |
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 |
101.8 |
109.7 |
|
|
|
| |
Min. |
Max. |
Min. |
Max. |
|
|
|
|
+ Retail Margin |
5.5 |
6.5 |
5.5 |
6.5 |
|
|
|
|
+ HST (15%) |
16.1 |
16.2 |
17.3 |
17.4 |
|
|
|
|
= Pump Price |
123.4 |
124.5 |
132.5 |
133.6 |
|
|
|
|
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 09, 2019
Posted: 2019/04/09
|