P.E.I. gas, furnace oil, diesel prices drop Aug. 10, 2022
CHARLOTTETOWN, P.E.I. — The price of fuel had an sudden drop in a single day after an unscheduled adjustment introduced the minimal worth of standard self-serve down by 5.7 cents per litre (cpl).
In its adjustment, which went into impact at 12:01 a.m. on Aug. 10, the Island Regulatory and Appeals Fee (IRAC) introduced the value of standard self-serve gasoline now ranges from 176.2 to 177.3 cpl.
It’s the lowest the value of fuel has been in P.E.I. since April 21.
The utmost worth of furnace oil additionally went down with a 9.4-cpl lower whereas the minimal worth of diesel dropped 10.3 cpl.
With the modifications, the utmost worth of furnace oil is 137.9 cpl whereas diesel ranges from 185.3 to 186.4 cpl.
In saying the modifications, IRAC mentioned the value of fuel dropped 5.0 cpl whereas furnace oil and diesel dropped 9.0 cpl. These quantities referred to costs earlier than extra prices like margins, taxes and the carbon levy.
IRAC’s subsequent scheduled adjustment is Aug. 12.
