Gas prices dropping 1.7 cents per litre

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Gas prices are going down in Prince Edward Island.

Islanders who drive gas-powered vehicles will get a break at the pumps but those who drive vehicles that drink diesel will be shelling out a little more as the Island Regulatory and Appeals Commission gets set for its mid-month price adjustment.

Gas prices will drop by 1.7 cents per litre effective 12:01 a.m. on Friday, Aug. 15, 2014.

That will push pump prices down to 132.9 to 134.1 cents per litre.

However, diesel prices will increase by 1.0 cent per litre.

Home heating oil, including furnace and stove oil, will also increase by 1.0 cent per litre.

The Island Regulatory and Appeals Commission regulate gas prices in P.E.I.

The commission reviews prices at the beginning and middle of each month.

The next scheduled price adjustment will be on Sept. 1.

Gasbuddy.com, a website that tracks gas prices, said the average price at the pumps in Canada is 130.9 cents per litre and holding steady.

 

Organizations: Island Regulatory and Appeals Commission

Geographic location: P.E.I., Canada

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Recent comments

  • jacinta
    August 15, 2014 - 10:24

    So should the HST, most islanders make minimum wage and het are forced to pay one of highest gas prices in Canada, shame on Ghiz for lying to us.

  • sammy
    August 15, 2014 - 09:12

    For this we are paying millions per year in patronage appointments. What a joke on the taxpayer!! Great job boys

  • J
    August 15, 2014 - 06:34

    Pat on the back to IRAC, I hear gas prices in other places are as low as $1.30 per litre. good job boys!!!

  • joe smelt
    August 15, 2014 - 04:04

    This pitiful reduction will leave us about 5 cents higher than NB. Thanks a lot Mr. Sheridan!

  • patrick
    August 14, 2014 - 19:20

    must be a demand for home heating oil now because it so cold out.