Bill 109: An Act to Amend the Petroleum Products Act

This bill directly affects fuel retailers, heating oil distributors, and gas station operators across Prince Edward Island who sell regulated petroleum products. If you run a gas station or deliver home heating oil on PEI, the price ceiling the government sets for what you can charge customers would now be anchored to the New York Harbor benchmark — which could mean prices track a different index than currently used, potentially changing your margins. Businesses that rely heavily on fuel costs, like trucking companies, farmers, and fishing operations on the Island, could also see their fuel expenses shift depending on how the new benchmark compares to the old one. The change applies island-wide regardless of business size, from a sole-operator corner store with pumps to a larger fuel distribution company.