Details for NOTICE

NOTICE
Proposed Increases to the Wholesale
& Retail Margins for Gasoline,
Diesel and Furnace Oil
The Prince Edward Island Regulatory & Appeals Commission is currently reviewing the appropriate
wholesale and retail margins for gasoline, diesel and furnace oil sold in Prince Edward Island. The review is
in accordance with the Petroleum Products Act and Commission Order PC19-003.
Background
In 2019, the Commission initiated a review of the appropriate minimum and maximum retail margins for
gasoline and diesel sold in PEI.
In January 2020, the Commission increased the minimum and maximum retail margin for gasoline and diesel
by 0.5 cents a liter (see Order PC19-003). No changes were made to the wholesale margin for gasoline or
diesel, or to the margin for furnace oil, at that time. The Commission advised that it would review the
wholesale and retail margins for gasoline, diesel and furnace oil prior to December 31, 2021.
In 2021, the Commission engaged an independent expert, Kalibrate, to assist with the margin review. On July
20, 2022, Kalibrate submitted its report and recommendations to the Commission.
Details
Kalibrate has determined that the operating costs for petroleum wholesalers and retailers have increased
in recent years. As a result, Kalibrate is recommending the following increases to the wholesale and retail
margins for gasoline, diesel and furnace oil sold in PEI:
•
•
•

That the wholesale margin for gasoline and diesel be increased by 2.01 cents a liter;
That the retail margin for gasoline and diesel be increased by 1.93 cents a liter; and
That the furnace oil margin be increased by 1.63 cents a liter.

How to see the report
The information contained in this notice is an overview only and is not comprehensive. A complete copy of
Kalibrate’s report and recommendations are available on the Commission website at irac.pe.ca/petroleum.
How to comment
The Commission invites public input. Written comments can be submitted to the Commission at the
address provided below. Written comments must be received by Monday, August 15, 2022. All written
comments received by the Commission will be made public and posted on the Commission website.
A public hearing will not be held unless the Commission determines a hearing is necessary. If there is a public
hearing, a Notice of Hearing will be published. Otherwise, the Commission will issue its decision in the form
of a written Order. All Orders issued with respect to the Application will be posted on the Commission
website at www.irac.pe.ca
Contact Information
For additional information, or to submit comments to the Commission, please contact:
Cheryl Mosher, CPA, CA
Senior Financial Advisor
Prince Edward Island Regulatory &
Appeals Commission
501- 134 Kent Street
Charlottetown, PE C1A 7L1
Email: petroleuminquiries@irac.pe.ca

DATED July 26, 2022.

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