Order No. P.920707-3
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 IRVING OIL LIMITED.
Tuesday, the 7th day of July, A.D., 1992
BEFORE
Linda Webber, Chairman
John Blakney, Vice-Chairman
Decision and Order
WHEREAS by application dated 15 June 1992, Irving Oil Limited 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 documentary evidence was not properly attested to, and was required to be refiled at a later date. This application was the subject of a press release on 17 June 1992 in which it was announced that interventions or written comments with respect to this application would be accepted by the Commission up to and including 30 June 1992. This application and supporting documentation was distributed to the Department of Energy & Forestry at its request. No other interested parties sought this information, nor did any party file comments with respect to the application by the announced deadline. A letter commenting generally on petroleum prices and dated 6 July 1992 from Anthony Miller of Tryon was fixed to the Commission Office on the same date. The comments made in this letter were not based on a review of the various applications for crude oil cost adjustments presently before the Commission.
In its application, Irving sought a price increase of 1.0 cent per litre, based entirely on increased crude oil related costs. The application was filed under Section 32 of the Petroleum Products Act and in compliance with Decision and Order No. P.910515 issued by the Public Utilities Commission.
Having considered the application and the supplementary information filed, taking into account price revisions which have taken place since Irving's last price adjustment with respect to crude oil cost changes, the Commission hereby finds that the information available and the evidence submitted supports the requested increase, and such increase is therefore approved effective 12:01 a.m. on Monday, 13 July 1992.
The Applicant should note that the base period for comparison with respect to the next application for a crude oil cost related adjustment is April-May, 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 Irving Oil Limited effective 12:01 a.m. on Monday, 13 July 1992:
PRODUCT
CENTS PER LITRE
(INCLUDING Federal Excise
and Provincial Taxes)Regular Unleaded Gasoline 52.2 Mid-Grade Unleaded Gasoline 53.3 Premium Unleaded Gasoline 54.4 Diesel Fuel 47.5 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 Irving Oil Limited, effective 12:01 a.m. on Monday, 13 July 1992:
PRODUCT
CENTS PER LITRE
(INCLUDING
Federal Excise Taxes)Regular Unleaded Gasoline 43.1 Mid-Grade Unleaded Gasoline 43.6 Premium Unleaded Gasoline 44.2 Diesel Fuel 36.6 Stove Oil 34.7 Furnace Oil 33.5 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.
DATED at CHARLOTTETOWN this 7th day of JULY, A.D., 1992.
BY THE COMMISSION:
Chairman
Vice-Chairman