Furnace oil down, gasoline stable in latest P.E.I. price adjustment

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Gas prices

Wholesale prices of furnace oil, diesel have moderated lately says Island Regulatory and Appeals Commission

The Island Regulatory and Appeals Commission is ringing in the new year with some changes to petroleum prices on P.E.I.

Effective today, there is no change in the price of gasoline while furnace oil, stove oil, and diesel will all decrease by two cents per litre.

Propane is a bit more complicated. The price will increase by two tenths of one cent for Superior Propane but drop 1.3 cents for Irving and drop by 1.5 cents for Kenmac propane.

"Pump prices for regular unleaded gasoline at self-serve outlets will continue to range from 95.9 cents per litre to 97.0," said a statement issued by the commission. " Maximum before-tax propane prices will now range from 67.7 cents per litre to 69.7."

The maximum price for furnace oil will now amount to 70.6 cents per litre, plus tax.

"While the wholesale price of gasoline has stabilized in recent days, the wholesale prices of furnace oil and diesel have moderated lately, allowing for the price adjustments announced today," said the commission.

The next price adjustment is set for Jan.15.

Organizations: Island Regulatory and Appeals Commission, Superior Propane

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Recent comments

  • Oil Pricing
    January 03, 2016 - 10:44

    Oil pricing is the same now at $50.00 a barrel as when it was $100.00 a barrel because it is a crucial need of the general population. The pricing and the taxing of it is in the hands of corrupt exploiters.

  • Reader
    January 03, 2016 - 08:22

    Bad memory......When it was $100.00 a barrel we were paying upwards of $1.35 Much better but could be better.When the price of a barrel of oil is this low our dollar suffers tremendously.

    January 01, 2016 - 08:18

    Why are we still paying the same price for gasoline that we were paying when it was 100 dollars a barrel?? The excuses we have been given are TOO MUCH OIL and NOT ENOUGH OIL. Can't argue with complete loyalty by IRAC. to the oil companies and the TAX grabbers that pay their overrated and undeserved salaries.