Historical Pricing Data - 2021+ - Island Regulatory & Appeals Commission

Historical Prices

Petroleum Prices – February 16, 2024 – cents per litre

Self-Serve MIN
Regular Gasoline 163.4 2.5
MIN: 163.4	MAX: 164.6

Self-Serve MIN
Premium Gasoline 172.8 2.0
MIN: 172.8	MAX: 174.0

Self-Serve MIN
Diesel Fuel 202.9 (N/C) 0.0
MIN: 202.9	MAX: 204.0

MAXIMUM
Furnace Oil 144.9 1.0
MAX: 144.9

Gas Retail Pumps – All Brands – February 16, 2024

	REGULAR Gasoline		MID-GRADE Gasoline		PREMIUM Gasoline		DIESEL
Period Average Rack	99.3		103.7		108.0		129.6
Wholesale Margin	5.0		5.0		5.0		5.0
Forward Averaging Adjustment	-2.0		-2.3		-2.5		-0.7
DEALER BASE PRICE	102.3		106.4		110.5		133.9
Federal Excise Tax	10.0		10.0		10.0		4.0
PE Provincial Tax	8.47		8.47		8.47		14.15
Federal Fuel Charge	14.31		14.31		14.31		17.38
WHOLESALE PRICE	135.1		139.2		143.3		169.4

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%)	21.3	21.5	21.9	22.1	22.5	22.7	26.5	26.6
PUMP PRICE (SS)	163.4	164.6	168.1	169.3	172.8	174.0	202.9	204.0

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%)	21.3	21.8	21.9	22.5	22.5	23.1	26.5	27.0
PUMP PRICE (FS)	163.4	167.4	168.1	172.2	172.8	176.9	202.9	206.9

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

Furnace Oil – February 16, 2024

	PRICE
Period Average Rack	115.2
Wholesale & Retail Margin	23.1
Forward Averaging Adjustment	-0.3
Maximum Price (Before Tax)	138.0
Federal Fuel Charge	Not Applicable
Tax (5%)	6.9
Maximum Price (After Tax)	144.9

Propane Prices – February 09, 2024

MAXIMUM PRICES (Excluding Federal Fuel Charge of 10.06 and Tax)

	Consumer and Commercial Delivery Maximum Price (Cents per Litre)
	Irving Energy Distribution and Marketing	Kenmac Energy Inc.	Superior Plus Inc.	Parkland Fuel Corporation	Noonan Petroleum Ltd.
	3.9	4.0	3.0	3.0	4.0
Bulk Propane	90.4	91.5	90.1	88.3	91.5
Dispensing Units	84.4	85.5	84.6		85.5
Carburation and Portable Cylinders	94.5	95.6			95.6

Maximum Consumer Petroleum Prices – February 16, 2024

MAXIMUM CONSUMER PETROLEUM PRICES

FOR PRODUCTS NOT SOLD AT RETAIL OUTLETS

CENTS PER LITRE (CPL)	Maximum Consumer Base Price	Federal Excise Tax	Price Incl. Excise Tax	PEI Prov. Tax	Federal Fuel Charge	MAXIMUM Consumer Price (Before HST)*
Regular Unleaded Gasoline	112.4	10.0	122.4	8.47	14.31	145.2
Mid-Grade Unleaded Gasoline	115.2	10.0	125.2	8.47	14.31	148.0
Premium Unleaded Gasoline	118.1	10.0	128.1	8.47	14.31	150.9
Ultra Low-Sulphur Diesel	152.0	4.0	156.0	14.15	17.38	187.5
Stove Oil	145.4		145.4			145.4
Furnace Oil	138.0		138.0			138.0
Furnace Oil-ThermaClean	141.5		141.5			141.5

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