P.E.I. gas, furnace oil, diesel prices increase Aug. 12, 2022

CHARLOTTETOWN, P.E.I. — After an unscheduled drop earlier within the week, the minimal value of fuel went up 2.9 cents per litre (cpl) in a single day Aug. 12.

In its newest adjustment, which went into impact at 12:01 a.m., the Island Regulatory and Appeals Fee (IRAC) introduced the value of standard self-serve gasoline ranges from 179.1 to 180.2 cpl.

IRAC additionally introduced adjustments to the utmost value of furnace oil, which went up by 2.6 cpl and diesel, which noticed its minimal value improve by 2.8 cpl.

With the adjustments, the utmost value of furnace oil is 140.5 cpl and diesel ranges from 188.1 to 189.3 cpl.

Whereas some petroleum costs went up, there have been decreases to propane costs, which vary from 94.6 to 97.2 cpl.

In asserting the adjustments, IRAC mentioned the value of fuel, furnace oil and diesel all elevated by 2.5 cpl.

That quantity referred to costs earlier than further prices like margins, taxes and the carbon levy.

IRAC’s subsequent scheduled pricing adjustment is Aug. 19.