P.E.I. gas prices up 5 cents with carbon tax

Prices for gas and diesel were up overnight Sunday, as a carbon tax came into effect.

The tax is 4.4 cents a litre on gas and 5.3 cents on diesel.

The tax implementation came at the same time as the regular start-of-month price review from the Island Regulatory and Appeals Commission.

The rack price for gasoline the price before retail and wholesale markups and taxes was unchanged. With HST on top of the carbon tax, the price for regular, self-serve gasoline is up 5 cents to $1.198.

The rack price of diesel fell one cent. With the higher taxes the net difference is up 4.9 cents to $1.325.

The carbon levy is similar to a federal tax imposed in other provinces, but is administered by the province. Islanders have been receiving a provincial tax break at the pumps since Jan. 1 to help offset the carbon levy.

Heating oil prices are unchanged.

Propane prices are down, with the amount varying by retailer.

• Irving: Down 0.8 cents to $0.781 per litre for bulk delivery.
• Kenmac: Down 1.4 cents to $0.778 per litre for bulk delivery.
• Superior: Down 1.5 cents to $0.789 per litre for bulk delivery.

The next scheduled price review is April 15.

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