P.E.I. furnace oil, diesel prices drop Oct. 18, 2022

The worth of furnace oil is altering once more — however this time it’s dropping — within the Island Regulatory and Appeals Fee’s newest unscheduled adjustment.

In its adjustment, which went into impact at 12:01 a.m. on Oct. 18, IRAC stated the worth of furnace oil decreased by 8.0 cents per litre (cpl) whereas the price of diesel dropped 7.0 cpl.

With the change, the utmost value of furnace oil is 200.1 cpl whereas diesel ranges from 255.9 to 257.0 cpl.

There was no change to the worth of fuel.

In latest weeks, the worth of furnace oil has elevated greater than 50 cents per litre, together with a number of unscheduled changes.

The latest improve was Oct. 15 when the worth went up 6.0 cpl.

IRAC’s subsequent scheduled adjustment is Oct. 21.