P.E.I. gas, furnace oil, diesel prices drop on July 7, 2022

CHARLOTTETOWN, P.E.I. — It’s cheaper to refill on the pumps as we speak after the Island Regulatory and Appeals Fee introduced an 11.5 cents per litre (cpl) drop within the minimal value of gasoline.

In an unscheduled adjustment, which went into impact at 12:01 a.m. on July 7, IRAC mentioned the value of normal self-serve gasoline now ranges from 199.2 to 200.3 cpl.

The value of heating oil additionally went down with IRAC asserting a 13.7 cpl lower, whereas the minimal value of diesel dropped by 14.9 cpl.

With the adjustments, the utmost value of furnace oil is 162.0 cpl whereas diesel ranges from 212.9 to 214.0 cpl.

In asserting the adjustments, IRAC mentioned the value of gasoline decreased by 10.0 cpl whereas furnace oil and diesel went down by 13.0 cpl.

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

IRAC’s subsequent scheduled pricing adjustment is July 8.