Propane prices skyrocket by as much as 15 cents per litre

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Propane prices have taken another jump across P.E.I.

Skyrocketing propane prices increased again over the weekend.

Effective Feb. 1, propane prices increased by 9.3 cents per litre at Superior Propane, by 9.8 cents per litre at Irving Energy Distribution and Marketing and by 15.0 cents per litre at Kenmac Energy Inc.

The maximum price for bulk propane delivery is now 111.2 at Superior, 110.2 cents per litre at Irving, and 116.4 cents per litre at Kenmac.

CLICK HERE FOR A FULL SCHEDULE OF PRICES FOR P.E.I. FUELS

The Island Regulatory and Appeals Commission blames “significantly increased wholesale prices for all petroleum products” for the price increases.

“Reduced refined product inventories, seasonally increased demand and unscheduled technical and weather related refinery and distribution system interruptions have contributed to the current situation,” the commission said in a statement issued Saturday.

As first reported by The Guardian on Friday, gas prices increased by 4 cents per litre effective 12:01 a.m. on Saturday, Feb. 1, 2014. That pushed pump prices to 135.5 to 136.7 cents per litre.

Diesel prices went up by 6 cents per litre.

Home heating oil, including furnace and stove oil, increased by 6.0 cents per litre.

 

 

 

 

 

 

Organizations: Superior Propane, Kenmac Energy, Island Regulatory and Appeals Commission

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Recent comments

  • mark
    February 02, 2014 - 10:42

    If I were a Kenmac customer, I would be p@#$ed off. How can a company charge 5 to 6 cents a liter more if there is regulation?

  • Ripoff
    February 02, 2014 - 09:54

    This is what happens when I try to heat my house with a "cleaner fuel" than furnace oil. I get screwed and end up paying a premium, plus now I have to pay HST on propane thanks to an idiot in the Shaw building.

  • Benny
    February 01, 2014 - 21:55

    This is absolutely ridiculous!!! Where is it all going to end? Someone has got to do something re the oil, gas and propane prices? And the range in prices re propane!!! Also, is anyone besides me ,noticing the price of groceries gone skyrocketing????

  • Lori
    February 01, 2014 - 20:21

    What a crock - regulatory is a joke and a bad one at that.

  • Don Ditz
    February 01, 2014 - 13:40

    No Worries. The LITTLE GUY pays like always

  • Dundas Sue
    February 01, 2014 - 13:25

    I dont use propane but why are the prices so different- by company. I thought IRAC was supposed to end this kind of discrepancy.