Current Petroleum Prices - Island Regulatory & Appeals Commission

Petroleum Prices – May 12, 2026 – cents per litre

Self-Serve MIN
Regular Gasoline 201.1 1.0
MIN: 201.1	MAX: 202.3

Self-Serve MIN
Premium Gasoline 213.2 4.0
MIN: 213.2	MAX: 214.4

Self-Serve MIN
Diesel Fuel 228.2 2.5
MIN: 228.2	MAX: 229.3

MAXIMUM
Furnace Oil 170.7 1.5
MAX: 170.7

Retail Dealer Pump Prices – All Brands – May 12, 2026

	REGULAR Gasoline		MID-GRADE Gasoline		PREMIUM Gasoline		DIESEL
Period Average Rack	154.2		159.4		164.5		169.7
Wholesale Margin	5.0		5.0		5.0		5.0
Forward Averaging Adjustment	0.2		0.3		0.4		2.5
DEALER BASE PRICE	159.4		164.7		169.9		177.2
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	167.9		173.2		178.4		191.4

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%)	26.2	26.4	27.0	27.2	27.8	28.0	29.8	29.9
PUMP PRICE (SS)	201.1	202.3	207.2	208.4	213.2	214.4	228.2	229.3

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%)	26.2	26.8	27.0	27.6	27.8	28.3	29.8	30.3
PUMP PRICE (FS)	201.1	205.2	207.2	211.3	213.2	217.2	228.2	232.2

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

Furnace Oil – May 12, 2026

	PRICE
Period Average Rack	138.5
Wholesale & Retail Margin	23.1
Forward Averaging Adjustment	1.0
Maximum Price (Before Tax)	162.6
Federal Fuel Charge	Not Applicable
Tax (5%)	8.1
Maximum Price (After Tax)	170.7

Propane Prices – May 01, 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.	Parkland Fuel Corporation	Noonan Petroleum Ltd.
	2.7	1.2	2.3	5.0	1.2
Bulk Propane	85.9	89.7	88.7	87.9	89.7
Dispensing Units	79.9	83.7	83.2		83.7
Carburation and Portable Cylinders	90.0	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.