Petroleum pricing - November 15, 2017

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The Island Regulatory and Appeals Commission approved the following petroleum pricing decisions, effective 12:01 a.m., Wednesday, November 15, 2017:

gasoline prices will decrease by 2.0 cents per litre (cpl); and
there will be no change in the price of furnace oil, stove oil or diesel at this time.

Including adjustments for taxes, pump prices for regular unleaded gasoline at self-serve outlets will now range from 116.6 cpl to 117.8 cpl. Pump prices for diesel will continue to range from 124.1 cpl to 125.2 cpl.

The maximum price for furnace oil will continue to amount to 87.2 cpl, plus tax.

As a result of an increase in supply, the wholesale price of gasoline has moderated since the commission’s last adjustment thus enabling the reduction in price announced today.

The commission’s next scheduled price adjustment will be on December 1, 2017.

Media contact:
Allison MacEwen
amacewen@irac.pe.ca
Director, Regulatory Services
IRAC

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