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PETROLEUM PRICING
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Charlottetown, Prince Edward Island,
August 9, 2019 –
The Island Regulatory and Appeals Commission approved the following
petroleum prices effective Friday, August 9, 2019:
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Gasoline prices will decrease by 5.0 cents per litre (cpl);
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Furnace oil prices will decrease by 5.0 cpl;
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Diesel prices will decrease by 4.8 cpl; and
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There will be no change in propane prices at this time.
Including taxes, pump prices for regular unleaded gasoline at self-serve
outlets will now range from 115.2 cpl to 116.4 cpl. Pump prices for
self-serve diesel will range from 121.0 cpl to 122.1 cpl. Including
taxes, the maximum price for furnace oil is 92.5.
A breakdown of the components of local prices is as follows:
|
|
Regular Gas |
Diesel |
|
Furnace Oil |
|
RETAIL PUMP PRICES |
Self-Serve |
|
Benchmark Price |
67.1 |
|
Benchmark Price |
65.6 |
69.5 |
|
+ Retail Margin |
21.0 |
|
+ Wholesale Margin |
5.0 |
5.0 |
|
= Maximum Price |
88.1 |
|
= Base Price |
70.6 |
74.5 |
|
+ Tax (5%) |
4.4 |
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+ Fed Excise Tax |
10.0 |
4.0 |
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= Maximum Price (Incl Tax) |
92.5 |
|
+ Prov Tax |
9.68 |
15.83 |
|
|
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+ Carbon Levy |
4.42 |
5.37 |
|
|
|
= Subtotal |
94.7 |
99.7 |
|
|
|
|
Min |
Max |
Min |
Max |
|
|
|
+ Retail Margin |
5.5 |
6.5 |
5.5 |
6.5 |
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|
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+ HST (15%) |
15.0 |
15.2 |
15.8 |
15.9 |
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|
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= Pump Price |
115.2 |
116.4 |
121.0 |
122.1 |
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Prices in Canadian Cents per Litre |
The Commission’s next scheduled price adjustment is August 16, 2019.
—30—
Click here for published prices effective
August 9, 2019
Posted: 2019/08/09
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