Gas prices dropping 1.7 cents per litre

Published on August 14, 2014

Gas prices dropped 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.