P.E.I. oil prices another unexpected fall on November 8 Local | News


Gas, fuel oil and oil prices have unexpectedly dropped with unplanned price adjustments overnight.

Gas decreased by 3.3 cents per liter, oil and furnace oil fell by 2.2 cpl and diesel vehicle prices fell by 2.2 km / h.

The Icelandic Regulatory and Complaints Commission says there are several factors that have led to this decision.

Many refineries that were previously closed for seasonal maintenance were still working. The levels of gas stocks are also high, and demand is now low, as production activities are dropping. All these combinations have recently led to a fall in prices on the wholesale market.

Including tax adjustments, pump prices for regular unleaded petrol at self-service stores will now range from 114.1 to 115.2 kpl.

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