P.E.I. gasoline costs up six cents March 15 | Native | Information

Beware the Ides of March relating to gasoline costs throughout the province. 

The Island Regulatory and Appeals Fee elevated the worth of each gasoline and furnace oil simply after midnight Friday.

The price of gasoline went up six cents per litre (cpl), which means pump costs for normal unleaded gasoline at self-serve retailers will now vary from 114.Eight cpl to 115.9 cpl.

Pump costs for self-serve diesel didn’t change and can proceed to vary from 127.four cpl to 128.6 cpl.

Furnace and range oil costs additionally went up by 1 cpl. The utmost worth for furnace oil will now be 99.Eight cpl, together with HST of 5 per cent.

The fee stated the wholesale worth of gasoline has been rising steadily on the New York Mercantile Change over the previous two weeks attributable to robust demand and lowered inventories. In consequence, gasoline costs are up all throughout Canada. As of March 14, pump costs in Moncton had been 116 cpl, Montreal is 125.8, Toronto is 115 cpl and the nationwide common is 121.6 cpl.

Additionally Friday, propane costs decreased by 1.1 cpl for Irving Power Distribution and Advertising, by 0.9 cpl for Superior Propane and by 1.four cpl for Kenmac Power Inc. Most earlier than tax propane costs will now vary from 78.9 cpl to 80.four cpl.

IRAC’s subsequent scheduled worth adjustment is April 1.

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