Order P.920110-2- Petroleum - Ultramar Canada Inc.

Order No. P.920110-2

IN THE MATTER of the Petroleum Products Act, Stats. P.E.I. 1990, Cap 43;

- and -

IN THE MATTER of an application filed under Section 32 of the Petroleum Products Act, supra, by ULTRAMAR CANADA INC. for increases in its prices of petroleum products based on increased crude oil costs.

Friday, the 10th day of January, A.D., 1992

BEFORE

Linda Webber, Chairman
John Blakney, Vice-Chairman

Decision and Order

By an application dated 13 December 1991, Ultramar Canada Inc. applied for upward revisions in the prices of all products contained in its dealer and posted consumer tank truck pricing schedules.

The Applicant as well filed supporting documentary evidence with its application, which evidence was amended and refiled on 23 December 1991.

This application was the subject of a press release on 18 December 1991; however, no submissions were filed with respect to the application by members of the public or other interested parties.

In its application, Ultramar sought a price increase of 1.4 cents per litre on all products, based solely on increased crude oil-related costs.

This application was filed in accordance with the direction given by the Public Utilities Commission in its Decision and Order No. P.910515.

Having considered the application and the submissions filed, the Commission finds that the information available and the evidence provided supports the requested increase, and such increase is therefore approved effective 12:01 a.m. on Wednesday, 15 January 1992.

THEREFORE THE COMMISSION ORDERS AS FOLLOWS:

1. THAT the following wholesale tank truck prices are to be charged dealers in Prince Edward Island supplied by Ultramar Canada Inc. effective 12:01 a.m. on 15 January 1992:

PRODUCT

CENTS PER LITRE
(INCLUDING Federal Excise
and Provincial Taxes)

Regular Unleaded Gasoline

53.1

Mid-Grade Unleaded Gasoline

54.2

Premium Unleaded Gasoline

55.3

Diesel Fuel

48.9

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 following wholesale posted consumer tank truck prices (which prices do not include Provincial tax or seven percent G.S.T.) shall be in effect in the Province of Prince Edward Island for the wholesaler Ultramar Canada Inc., effective 12:01 a.m. on 15 January 1992:

PRODUCT
CENTS PER LITRE
(INCLUDING
Federal Excise Taxes)

Regular Unleaded Gasoline 47.27

Mid-Grade Unleaded Gasoline 47.72

Premium Unleaded Gasoline 48.16

Diesel Fuel 38.24

Stove Oil 36.80

Furnace Oil 35.20

4. THAT the prices quoted in this Order, with adjustments resulting from tax changes only, shall remain in effect until otherwise ordered by the Commission or decreased in accordance with Section 33.1 of the Petroleum Products Act.

DATED at Charlottetown this 10th day of January, A.D., 1992.

BY THE COMMISSION:

Chairman

Vice-Chairman