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P.E.I. furnace oil, diesel prices increase Nov. 8, 2022

CHARLOTTETOWN, P.E.I. — Individuals who warmth with furnace oil are dealing with one other shock bounce within the value after the Island Regulatory and Appeals Fee (IRAC) introduced an unscheduled adjustment Nov. 8.

In its newest adjustment, which went into impact at 12:01 a.m., IRAC introduced the utmost value of furnace oil elevated by 23.6 cents per litre (cpl).

With the change, the utmost value for furnace oil is 220.6 cpl.

Diesel additionally obtained costlier with the minimal value growing by 21.6 cpl.

The change means the value of diesel ranges from 275.2 to 276.3 cpl.

There was no change to the value of gasoline.

It was IRAC’s second unscheduled change since its repeatedly scheduled adjustment on Nov. 4.

In asserting the Nov. 8 modifications, IRAC stated the value of diesel elevated by 18.8 cpl and furnace oil went up 22.5 cpl.

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

IRAC’s subsequent scheduled adjustment is Nov. 11.

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