Order P.921222 - Petroleum - Irving Oil Limited - Dealer Gas Prices (Dec. 22/92)

Order No. P.921222

IN THE MATTER of the Petroleum Products Act, R.S.P.E.I. 1988, Cap P-5.1

- and -

IN THE MATTER of an application filed under Section 32 of the Petroleum Products Act, supra, by IRVING OIL LIMITED for a decrease of 2.0 cents per litre in the prices of all grades of gasoline contained in its dealer tank truck pricing schedule, due to market conditions.

Tuesday, the 22nd day of December, A.D., 1992

BEFORE

John Blakney, Vice-Chairman
Anne McPhee, Commissioner
Clayton Bulpitt, Commissioner

Decision and Order

WHEREAS on 21 December 1992, Mr. Gerry Moore, Regional Manager for Irving Oil Limited, filed with the Commission an application under Section 32 of the Petroleum Products Act requesting approval for a decrease of 2.0 cents per litre in the prices of all gasoline products contained in its dealer tank truck pricing schedules, effective as soon as possible, due to market conditions.

AND WHEREAS the Commission reviewed this application and information relating to regional pricing at its meeting of 22 December 1992;

AND WHEREAS the Commission, after consideration, approved the application to decrease the prices of all grades of gasoline in Irving's dealer tank truck pricing schedule; effective 12:01 a.m. on 23 December 1992, in accordance with the Order which follows:

THE COMMISSION THEREFORE ORDERS AS FOLLOWS:

1. THAT the following wholesale tank truck gasoline prices are to be charged dealers in Prince Edward Island supplied by Irving Oil Limited effective 12:01 a.m. on Wednesday, 23 December 1992:

PRODUCT
CENTS PER LITRE
(INCLUDING Federal Excise
and Provincial taxes)

Regular unleaded gasoline 50.4

Mid-Grade unleaded gasoline 51.5

Premium unleaded gasoline 52.6

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 22nd day of DECEMBER, A.D., 1992.

BY THE COMMISSION:

Vice-Chairman

Commissioner

Commissioner