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P.E.I. gas, furnace oil, diesel prices drop Nov. 16, 2022

CHARLOTTETOWN, P.E.I. — Petroleum costs in P.E.I. had one other unscheduled change with the Island Regulatory and Appeals Fee (IRAC) saying decreases to the price of gasoline, furnace oil and diesel.

In an unscheduled adjustment, which went into impact at 12:01 a.m. on Nov. 16, IRAC stated the value of gasoline dropped 7.0 cents per litre (cpl), diesel went down 10.0 cpl and furnace oil decreased 20.0 cpl.

The adjustments dropped the utmost value of furnace oil to 188.1 cpl whereas the value of normal self-serve gasoline now ranges from 172.7 to 173.9 cpl.

Diesel costs vary from 285.5 to 286.7 cpl.

In latest weeks, IRAC has made quite a few unscheduled pricing adjustments together with its weekly scheduled changes.

IRAC’s subsequent scheduled pricing adjustment is Nov. 18.

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