Cost of heating oil and diesel jumps by another 15 cents a litre

·1 min read
New gas price as shown in the marquee of a P.E.I. gas station Aug. 26. (CBC - image credit)
New gas price as shown in the marquee of a P.E.I. gas station Aug. 26. (CBC - image credit)

The cost of gasoline went down by almost 7 cents on P.E.I. Friday, while diesel and heating oil saw a significant rise.

The Island Regulatory and Appeals Commission said in its scheduled price adjustment that the minimum price of regular-self serve gasoline is now down 6.9 cents to $1.72 per litre.

The minimum price for diesel went up by 17.3 cents to $2.19, while the maximum price for furnace oil went up 15.7 cents to $1.66.

IRAC regulates the prices Prince Edward Islanders will pay for gasoline, diesel, stove oil, furnace oil and most propane products. It sets minimum and maximum prices for retail gasoline and diesel products, but only maximum prices for furnace oil, stove oil and propane products.

P.E.I. petroleum product prices

In Friday's release, IRAC said propane prices have been adjusted down between 0.8 to 2.4 cents, or kept steady, depending on the provider.

  • Irving: Down 1.9 cents/litre to $0.945 for bulk delivery.

  • Kenmac: Down 0.8 cents/litre to $0.958 for bulk delivery.

  • Superior Plus: Down 2.4 cents/litre to $0.948 for bulk delivery.

  • Parkland Fuel: No change. $0.946 for bulk delivery.

  • Noonan: Down 0.8 cents/litre to $0.958 for bulk delivery.