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Gas prices drop again on P.E.I. March 27

- Reuters

The price of gasoline on Prince Edward Island has dropped another 3.6 cents per litre (cpl) Friday, March 27. 

This means that at self-serve outlets, regular unleaded gasoline now costs between 71.1 and 72.2 cpl.

It costs more at the pump this morning for diesel as there is an increase of 3 cpl, making the price range from 95.9 to 97.1 cpl.

For home heating, the price of furnace oil has increased by 3 cpl. The maximum price for furnace oil is 69.8 cpl.

Propane prices have decreased by 0.1 cpl for Irving Energy Distribution and Marketing, by 0.8 cpl for Superior Propane and by 2.2 cpl for Island Petroleum. There is no change for both Kenmac Energy Inc. and Noonan Petroleum. Maximum prices for propane now range from 67.8 to 69.3 cpl.

The Island Regulatory and Appeals Commission approved the prices effective at 12:01 a.m. today.

For current petroleum prices, visit irac.pe.ca.

The commission’s next scheduled price adjustment is April 3.


How are our gas prices set?

The CAA has provided this graphic to explain how gas prices are set. The association website offers more information on fuel prices.
The CAA has provided this graphic to explain how gas prices are set.

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