Charlottetown, Prince Edward Island, 31 July 2000 — The Island Regulatory and Appeals Commission announced today that applications for crude oil cost-related increases have been approved by the Commission. The changes announced at this time are based on world crude oil prices for the month of June. Wholesalers have been authorized to increase the prices of all products contained in their dealer and posted consumer schedules by the following cents per litre: Ultramar Ltd. 4.7 cpl, Shell Canada Products Limited 4.4 cpl, Imperial Oil Limited 4.7 cpl, Irving Oil Limited 4.4 cpl, Petro-Canada 4.8 cpl and Co-op Atlantic 4.3 cpl. Irving Oil Limited received approval to increase its current propane prices by 2.2 cpl and Superior Propane Inc. by 1.6 cpl based on increased product acquisition costs. All pricing adjustments become effective at 12:01 a.m. on Tuesday, 1 August 2000. Allowable pump prices and posted consumer prices of furnace fuel resulting from these approvals will be published shortly. —30— Click here for published prices effective 1 August 2000. For
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Posted: 00/07/31 |
