Charlottetown, Prince Edward Island, 29 February 2000 — The Island Regulatory and Appeals Commission announced today that applications for crude oil cost-related increases have been approved by the Commission. Co-Op Atlantic has been authorized to increase by 1.7 cents per litre, Shell Canada Products Limited and Irving Oil Limited have been authorized to increase by 2.0 cents per litre, Imperial Oil Limited and Petro-Canada by 2.1 cents per litre and Ultramar Ltd. by 2.2 cents per litre the prices of all products contained in their dealer and posted consumer schedules. Wilson Fuel Co. Limited received approval to increase its dealer prices by 1.9 cents per litre. While the cost of petroleum products is based on various components, the allowable increases noted above relate to higher crude oil prices. Irving Oil Limited received approval to increase its current propane prices by 0.7 cents per litre and Superior Propane Inc. received approval to increase its prices by 3.4 cents per litre based on increased product acquisition costs. All pricing adjustments become effective at 12:01 a.m. on Wednesday, 1 March 2000. Allowable pump prices and posted consumer prices of furnace fuel resulting from these approvals will be published shortly.
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Information Posted: 00/03/01 |
