PEI

Gas, heating oil, diesel all rise again

As pandemic restrictions across North America are relaxed, the price for petroleum products on P.E.I. continues to rise.

Prices all still below $1

Prices have been rising again this month. (© Evan Mitsui/CBC)

As pandemic restrictions across North America are relaxed, the price for petroleum products on P.E.I. continues to rise.

Prices for gas, diesel, heating oil, and for propane from all retailers are up Friday morning, in the regular price review from the Island Regulatory and Appeals Commission.

  • Price for regular, self-serve gasoline up 5.9 cents to $0.90 per litre.
  • Price for self-serve diesel up 6.0 cents to $0.90 per litre.
  • Price for heating oil up 5.0 cents to $0.60 per litre.

Price increases for propane varied by retailer, up between 1.3 and 2.6 cents per litre.

In March and April, a combination of reduced demand in the pandemic and a crude oil price war between Saudi Arabia and Russia cut the price of heating oil in half from the beginning of the year, while the price of gas and diesel fell about 40 per cent.

In May, those prices started to rise again.

More from CBC P.E.I.

Comments

To encourage thoughtful and respectful conversations, first and last names will appear with each submission to CBC/Radio-Canada's online communities (except in children and youth-oriented communities). Pseudonyms will no longer be permitted.

By submitting a comment, you accept that CBC has the right to reproduce and publish that comment in whole or in part, in any manner CBC chooses. Please note that CBC does not endorse the opinions expressed in comments. Comments on this story are moderated according to our Submission Guidelines. Comments are welcome while open. We reserve the right to close comments at any time.