Gas prices in P.E.I. decrease Aug. 4, 2026

The price of gas went down overnight in the latest Island Regulatory and Appeals Commission adjustment. FileArticle contentFuel prices went down overnight in the latest Island Regulatory and Appeals Commission adjustment.THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY.Subscribe now to access this story and more:Unlimited access to the website and appExclusive access to premium content, newsletters and podcastsFull access to the e-Edition app, an electronic replica of the print edition that you can share, download and comment onEnjoy insights and behind-the-scenes analysis from our award-winning journalistsSupport local journalists and the next generation of journalistsSUBSCRIBE TO UNLOCK MORE ARTICLES.Subscribe or sign in to your account to continue your reading experience.Unlimited access to the website and appExclusive access to premium content, newsletters and podcastsFull access to the e-Edition app, an electronic replica of the print edition that you can share, download and comment onEnjoy insights and behind-the-scenes analysis from our award-winning journalistsSupport local journalists and the next generation of journalistsRegister to unlock more articles.Create an account or sign in to continue your reading experience.Access additional stories every monthShare your thoughts and join the conversation in our commenting communityGet email updates from your favourite authorsSign In or Create an AccountorArticle contentEffective 12:01 a.m. on Aug. 4, IRAC said the prices of regular and premium gas decreased by 6.0 cents per litre.Article contentArticle contentWith the changes, the price of regular gas ranges from 193.7 to 194.8 cents per litre and premium ranges from 205.2 to 206.3 cents per litre.Article contentThe price of diesel decreased by 1.0 cents per litre, while the price of furnace oil increased by 3.0 cents per litre.Article contentThe prices of diesel range from 243.1 to 244.3 cents per litre.Article contentThe maximum price of furnace oil is 173.6 cents per litre before applicable taxes.Article contentIn announcing the changes, IRAC included petroleum pricing information from the same period last year.Article contentOn Aug. 1, 2025, the price of Brent crude oil was $71.83 per barrel compared to $82.80 per barrel on Aug. 3 of this year.Article contentThe price of regular gas was 147.9 cents per litre on Aug. 1, 2025.Article contentIRAC’s next scheduled pricing adjustment is Aug. 7.Article contentArticle content