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PETROLEUM PRICING
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Charlottetown, Prince Edward Island,
May 4, 2019
—
The
Island Regulatory and Appeals Commission approved the following
petroleum prices in an unscheduled price adjustment, effective 12:01
a.m., Saturday, May 4, 2019:
-
Gasoline
prices will decrease by 3.0 cents per litre (cp);
-
There will be no change in furnace, diesel or propane
prices at this time.
Including
Including taxes, pump prices for regular unleaded gasoline at self-serve
outlets will now range from 131.1 cpl to 132.3 cpl.
This
reduction is a result of a drop in the market price of petroleum.
However, petroleum prices on the New York Mercantile Exchange are seeing
volatile shifts with prices going up and down. Gas analysts expect this
volatility to continue into the summer.
A breakdown of the components of local prices is as follows:
| |
Regular Gas |
Diesel |
|
Furnace Oil |
|
RETAIL PUMP PRICES |
Self-Serve |
|
Benchmark Price |
79.5 |
|
Benchmark Price |
79.4 |
82.7 |
|
+ Retail Margin |
21.0 |
|
+ Wholesale Margin |
5.0 |
5.0 |
|
= Maximum Price |
100.5 |
|
= Base Price |
84.4 |
87.7 |
|
+ Tax (5%) |
5.0 |
|
+ Fed Excise Tax |
10.0 |
4.0 |
|
= Maximum Price (Incl
Tax) |
105.5 |
|
+ Prov Tax |
9.68 |
15.83 |
|
|
|
|
+ Carbon Levy |
4.42 |
5.37 |
|
|
= Wholesale Price |
108.5 |
112.9 |
|
|
|
| |
Min. |
Max. |
Min. |
Max. |
|
|
|
|
+ Retail Margin |
5.5 |
6.5 |
5.5 |
6.5 |
|
|
|
|
+ HST (15%) |
17.1 |
17.3 |
17.8 |
17.9 |
|
|
|
|
= Pump Price |
131.1 |
132.3 |
136.2 |
137.3 |
|
|
|
|
Prices in Canadian Cents
per Litre (cpl) |
The Commission’s next scheduled price adjustment will be May
15, 2019.
—30—
Click here for published prices effective
May 04, 2019
Posted: 2019/05/04
|