Order No. P.990317-4
IN THE MATTER of the Petroleum Products Act, R.S.P.E.I. 1988, Cap P-5.1
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IN THE MATTER of an application filed under Section 32 of the Petroleum Products Act, supra, by IRVING OIL LIMITED for a decrease of 0.1 cent per litre in the prices of all grades of gasoline contained in its dealer tank truck pricing schedule, due to market conditions.
Wednesday, the 17th day of March, A.D., 1999
BEFORE
Wayne D. Cheverie, Q.C., Chair
Ginger Breedon, Vice-Chair
Decision and Order
PURSUANT to the Commission's Decision and Order No. P.990225-4, Ms. Claudette Maxwell, Pricing Representative for Irving Oil Limited, filed with the Commission on 17 March 1999 an application under Section 32 of the Petroleum Products Act requesting approval for a decrease of 0.1 cent per litre in the prices of all grades of gasoline contained in its dealer tank truck pricing schedule, due to market conditions. The reason given for this application was to allow this wholesaler to price more competitively.
AND WHEREAS the Commission, after consideration of the application and a review of area prices, approved the application of Irving Oil Limited to decrease the prices of gasoline to its dealers as requested, effective 12:01 a.m. on Friday, 19 March 1999, in accordance with the Order which follows.
THE COMMISSION THEREFORE ORDERS AS FOLLOWS:
1. THAT the following wholesale tank truck prices are to be charged dealers in Prince Edward Island supplied by Irving Oil Limited effective 12:01 a.m. on Friday, 19 March 1999:
PRODUCT
CENTS PER LITRE
(INCLUDING Federal Excise
and Provincial Taxes)Regular Unleaded Gasoline 40.8
Mid-Grade Unleaded Gasoline 42.8 Premium Unleaded Gasoline 44.7 Low Sulphur Diesel 41.4 (no change) 2. THAT the above prices, with seven per cent G.S.T. added, shall be indicated on all documents accompanying deliveries of these products to said dealers.
3. THAT the prices quoted in this Order, with adjustments resulting from tax changes only, shall remain in effect until otherwise ordered by the Commission.
DATED at CHARLOTTETOWN this 17th day of MARCH, A.D., 1999.
BY THE COMMISSION:
Chair
Vice-Chair