The island’s Regulatory and Appeals Commission has raised diesel and heating oil prices by more than 10 cents.
IRAC made an unplanned price adjustment on Saturday, citing a “dramatic” rise in prices.
Including taxes, the price of diesel rose 11.5 cents to between $ 2.61 and $ 2.62 a liter. The price of heating oil rose by 10.5 cents to a maximum of $ 2.14.
The change comes a day after the price of diesel and oil jumped by about 16 cents.
Prices broke PEI records this week as volatility returned to the global energy market. They are about 20 percent higher than last week, with diesel rising by 47 cents since April 22 and heating oil by 43 cents.
The price of gasoline did not change on Saturday. It has risen about 10 cents in the last week to between $ 1.85 and $ 1.86 cents.
Prices jumped in late February after the Russian invasion of Ukraine began, but have remained stable over the past few weeks.
They jumped elsewhere in the region on Saturday, with diesel and heating oil prices rising by about 17 cents in Nova Scotia, 16 cents in New Brunswick and more than 14 cents in Newfoundland and Labrador.
This is the third price adjustment in a week in PEI. The next planned price adjustment is on May 6.
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