Gas prices plunge in P.E.I.

Published on February 11, 2016

Al MacKenzie pumps gas for a customer at Cudmore’s Ultramar in Charlottetown on Wednesday. Customers are getting a big break at the pumps this morning as the Island Regulatory and Appeals Commission approved an unscheduled 5.5 cent per litre decrease in the price of gas. Including adjustments for taxes, pump prices at self-serve outlets will now range from 83.9 to 85.0 cents per litre. A substantial decrease in the wholesale price of gasoline is being credited with the price cut. The next scheduled price adjustment will be on Feb. 15. There was no change in the price of any other fuel.

©HEATHER TAWEEL/THE GUARDIAN

Customers are getting a big break at the pumps this morning.

The Island Regulatory and Appeals Commission approved an unscheduled 5.5-cent per litre decrease in the price of gas overnight.

Including adjustments for taxes, pump prices for regular unleaded gasoline at self-serve outlets will now range from 83.9 to 85.0 cents per litre.

The commission said a substantial decrease in the wholesale price of gasoline is responsible for the price cut. The next scheduled price adjustment will be on Feb. 15.

There was no change in furnace oil, stove oil, diesel or propane prices.