After several weeks in a row of decreases or no change to gas prices in P.E.I., the Island Regulatory and Appeals Commission has approved a 2.4 cent-per-litre increase effective 12:01 a.m. Friday, Feb. 14.
At self-serve outlets, regular, unleaded gas will now range from 111.2 to 112.4 cpl.
Furnace oil is also going up, by 1.4 cpl, and there is an increase in the price of diesel by 1.8 cpl.
Propane prices will decrease by 4.7 cpl for Irving Energy Distribution and Marketing, by 2.6 cpl for both Kenmac Energy Inc. and Noonan Petroleum, by 5.1 cpl for Superior Propane, and by 4.2 cpl for Island Petroleum. At self-serve outlets, regular unleaded gasoline will now range from 111.2 to 112.4 cpl. Diesel will range from 118.9 to 120.1 cpl. The maximum price for furnace oil is 90.8 cpl. Maximum propane prices will now range from 65.9 to 69.3 cpl. For current petroleum prices visit irac.pe.ca.
The commission’s next scheduled price adjustment is Feb. 21.