October 15, 2018 | by: Chris Pride

No change for PEI gas prices, furnace oil & diesel go up 2 cents

Seasonal Demand dictates small increase

It’s that time of the month again!  The Island Regulatory & Appeals Commission has their new fuel price adjustments and this time there will no change for gasoline.  However, furnace & stove oil as well as diesel have increased.

According to IRAC “the rise in the prices of both furnace oil and diesel is a result of the escalation in the wholesale market prices due to increased seasonal demand for these fuels.”

  • There will be no change in the price of gasoline;
  • Furnace oil, stove oil and diesel prices will increase by 2.0 cents per litre (cpl); and
  • Propane prices will decrease by 0.2 cents per litre (cpl) for Superior Propane, will increase by 0.5 cpl for Irving Energy Distribution and Marketing and there will no change in price for Kenmac Energy Inc.

Pump prices for regular unleaded gasoline at self-serve outlets will continue to range from 126.6 cpl to 127.8 cpl.

Market Comparisons

PEI – 127.8 cpl

Halifax – 126.2 cpl

Moncton – 129.2 cpl

Montreal – 134.5 cpl

Ottawa – 114 cpl

Vancouver – 157.1 cpl

* prices according GasBuddy.com