Heating oil, gas and diesel prices down again on P.E.I.

CBC

December 9, 2022 at 5:59 a.m.·1 min read

Gas prices have been trending downwards since early November. (Kirk Fraser/CBC - image credit)

For the second time this week, Islanders are getting some relief when it comes to the price of petroleum products.

Prices for heating oil, diesel and gas all fell on P.E.I. overnight Thursday, continuing a trend that started early last month.

The maximum price for heating oil is down 6.3 cents to $1.634 per litre.
The minimum price at the pump for gas is down 4.6 cents to $1.48 per litre.
The minimum price at the pump for diesel is down 6.9 cents to $2.505 per litre.

P.E.I. petroleum product prices

This is the fifth straight week of declines in the cost of gas. The price of diesel and heating oil, which peaked in early November, has also been on a downward trend since then.

Friday's change followed the regular weekly price review from the Island Regulatory and Appeals Commission.

The next scheduled price review from IRAC will be on Dec. 16.

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