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P.E.I. gas prices down one cent, while furnace oil down by four in April 24 update

Gas stations in the west end haven’t made any major decreases in their gas prices to match the cheaper prices at Costco Wholesale in the Galway neighbourhood of St. John’s. One independent owner says his station tries to compete by offering other items and services.
Gas, diesel and furnace oil prices all dropped on P.E.I. Friday, April 24, 2020. - SaltWire file photo

Diesel and furnace oil prices dropped by four cents overnight, while the price of gas is down by one cent per litre.

The Island Regulatory and Appeals Commission approved the decreases effective 12:01 a.m., Friday, April 24.

At self-serve outlets, regular, unleaded gasoline now ranges in price from 73.0 to 74.2 cents per litre and diesel ranges from 85.9 to 87.1 cpl.

The maximum price for furnace oil is now 58.8 cpl.

Propane prices, meanwhile, increased in the overnight adjustment. They have risen by 2.0 cpl for Irving Energy Distribution and Marketing, by 3.6 cpl for Kenmac Energy Inc. and Noonan Petroleum, by 2.5 cpl for Superior Propane and by 2.8 cpl for Island Petroleum. Maximum prices for propane now range from 71.2 to 73.1 cpl.

The commission’s next scheduled price adjustment is May 1.

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