January 2, 2019 | by: Chris Pride

PEI gas prices drop another 2 cents per litre

Price Adjustments

Gasoline prices will decrease by 2.0 cents per litre (cpl);
Furnace and stove oil prices will decrease by 3.0 cpl;
Diesel prices will decrease by 4.0 cpl; and
Propane prices will increase by 1.5 cents per litre (cpl) for Irving Energy Distribution and Marketing, by 0.8 cpl for Superior Propane and there will be no change for Kenmac Energy Inc.

New Prices

Including adjustments for taxes as previously announced by the Province of PEI, pump prices for regular unleaded gasoline at self-serve outlets will now range from 95.7 cpl to 96.8 cpl.

Pump prices for diesel will now range from 114.7 cpl to 115.8 cpl. Maximum before tax propane prices will now range from 78.3 cpl to 79.0 cpl.

The maximum price for furnace oil will now amount to 84.4 cpl, plus tax.

A continued drop in the wholesale pricing of gasoline, furnace oil and diesel affords the additional price reductions announced today.

The Commission’s next scheduled price adjustment will be on January 15, 2019.

Market Comparisons

PEI – 95.7 – 96.8 cpl

Halifax – 96.4 cpl

Moncton – 102.2 cpl

Montreal – 110.4 cpl

Ottawa – 95.7 cpl

Calgary – 89.9 cpl

Vancouver – 128.8 cpl

** all prices are based on the average price listed on GasBuddy.com except PEI which is based on the IRAC press release.