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PETROLEUM PRICING
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Charlottetown, Prince Edward
Island, June 6, 2019
— The
Island Regulatory and Appeals Commission
approved the following petroleum prices in an unscheduled price
adjustment, effective 12:01 a.m., Thursday, June 6, 2019:
-
Gasoline prices will decrease by 6.0
cents per litre (cpl);
-
Furnace prices will decrease by 4.6 cpl;
-
Diesel
prices will decrease by 4.0 cpl; and
-
There will be no change in propane
prices at this time.
Including taxes, pump prices for regular unleaded
gasoline at self-serve outlets will range from 116.4 cpl to 117.5 cpl.
Pump prices for self-serve diesel will range from 125.4 cpl to 126.5 cpl.
Including taxes, the maximum price for furnace oil is 96.5 cpl.
This reduction is a result of the significant drop
in the wholesale price of petroleum since the Commission’s last
scheduled price adjustment.
A breakdown of the components of local prices follows:
|
|
Regular Gas |
Diesel |
|
Furnace Oil |
|
RETAIL PUMP PRICES |
Self-Serve |
|
Benchmark Price |
70.9 |
|
Benchmark Price |
66.6 |
73.3 |
|
+ Retail Margin |
21.0 |
|
+ Wholesale Margin |
5.0 |
5.0 |
|
= Maximum Price |
91.9 |
|
= Base Price |
71.6 |
78.3 |
|
+ Tax (5%) |
4.6 |
|
+ Fed Excise Tax |
10.0 |
4.0 |
|
= Maximum Price (Incl Tax) |
96.5 |
|
+ Prov Tax |
9.68 |
15.83 |
|
|
|
+ Carbon Levy |
4.42 |
5.37 |
|
|
|
= Tank Truck Price |
95.7 |
103.5 |
|
|
|
|
Min |
Max |
Min |
Max |
|
|
|
+ Retail Margin |
5.5 |
6.5 |
5.5 |
6.5 |
|
|
|
+ HST (15%) |
15.2 |
15.3 |
16.4 |
16.5 |
|
|
|
= Pump Price |
116.4 |
117.5 |
125.4 |
126.5 |
|
|
|
Prices in Canadian Cents per Litre |
The Commission’s next scheduled price adjustment will be June 15,
2019.
—30—
Click here for published prices effective
June 6, 2019
Posted: 2019/06/06
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