Current Petroleum Prices - Island Regulatory & Appeals Commission

Petroleum Prices – June 02, 2026 – cents per litre

Self-Serve MIN
Regular Gasoline 183.3 1.5
MIN: 183.3	MAX: 184.5

Self-Serve MIN
Premium Gasoline 196.5 2.5
MIN: 196.5	MAX: 197.7

Self-Serve MIN
Diesel Fuel 217.8 1.5
MIN: 217.8	MAX: 219.0

MAXIMUM
Furnace Oil 156.6 4.0
MAX: 156.6

Retail Dealer Pump Prices – All Brands – June 02, 2026

	REGULAR Gasoline		MID-GRADE Gasoline		PREMIUM Gasoline		DIESEL
Period Average Rack	138.5		143.8		149.1		162.0
Wholesale Margin	5.0		5.0		5.0		5.0
Forward Averaging Adjustment	0.4		0.9		1.3		1.2
DEALER BASE PRICE	143.9		149.7		155.4		168.2
Federal Excise Tax	0.0		0.0		0.0		0.0
PE Provincial Tax	8.47		8.47		8.47		14.15
Federal Fuel Charge	0.00		0.00		0.00		0.00
WHOLESALE PRICE	152.4		158.2		163.9		182.4

SELF-SERVE (SS)	MIN	MAX	MIN	MAX	MIN	MAX	MIN	MAX
Retail Margin	7.0	8.0	7.0	8.0	7.0	8.0	7.0	8.0
HST (15%)	23.9	24.1	24.8	24.9	25.6	25.8	28.4	28.6
PUMP PRICE (SS)	183.3	184.5	190.0	191.1	196.5	197.7	217.8	219.0

FULL-SERVE (FS)	MIN	MAX	MIN	MAX	MIN	MAX	MIN	MAX
Retail Margin	7.0	10.5	7.0	10.5	7.0	10.5	7.0	10.5
HST (15%)	23.9	24.4	24.8	25.3	25.6	26.2	28.4	28.9
PUMP PRICE (FS)	183.3	187.3	190.0	194.0	196.5	200.6	217.8	221.8

Retail outlets may price anywhere within the above MIN and MAX ranges.

Furnace Oil – June 02, 2026

	PRICE
Period Average Rack	124.6
Wholesale & Retail Margin	23.1
Forward Averaging Adjustment	1.4
Maximum Price (Before Tax)	149.1
Federal Fuel Charge	Not Applicable
Tax (5%)	7.5
Maximum Price (After Tax)	156.6

Propane Prices – May 29, 2026

MAXIMUM PRICES (Excluding Federal Fuel Charge of 0.00 and Tax)

	Consumer and Commercial Delivery Maximum Price (Cents per Litre)
	Irving Energy Distribution and Marketing	Kenmac Energy Inc.	Superior Plus Inc.	Avenir	Noonan Petroleum Ltd.
	0.1	(N/C) 0.0	0.3	(N/C) 0.0	(N/C) 0.0
Bulk Propane	88.1000	89.7000	89.1000	90.9000	89.7000
Dispensing Units	82.1000	83.7000	83.6000		83.7000
Carburation and Portable Cylinders	92.2	93.8			93.8

View Maximum Consumer Price Schedule

View Related Pricing Order

View Related Notice – (Version française)

Petroleum Pricing Schedule:

Price adjustments on gas, diesel, and furnace oil take effect at 12:01 a.m. every Tuesday and Friday.
Price adjustments on propane take effect at 12:01 a.m. every second Friday. Please note that there will not be a scheduled price adjustment on Tuesday, April 7, 2026 due to the holiday.