Order No. P.921223-3
IN THE MATTER of the Petroleum Products Act, R.S.P.E.I. 1988, Cap P-5.1
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IN THE MATTER of an application filed under Section 32 of the Petroleum Products Act, supra, by SHELL CANADA PRODUCTS LIMITED for a decrease of 2.0 cents per litre in the prices of all grades of gasoline contained in its dealer and posted consumer tank truck pricing schedules, due to market conditions.
Wednesday, the 23rd day of December, A.D., 1992
BEFORE
John Blakney, Vice-Chairman
James Nicholson, Commissioner
Decision and Order
WHEREAS on 23 December 1992, Mr. Brian Langley, Atlantic District Financial Operations Supervisor for Shell Canada Products 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 grades of gasoline contained in its dealer and posted consumer tank truck pricing schedules. The reason given for the filing of this application was prevailing prices in the industry in the market place.
AND WHEREAS the Commission reviewed this application and information relating to regional pricing at its meeting of 23 December 1992;
AND WHEREAS the Commission, after consideration, approved the application to decrease the prices of all grades of gasoline contained in Shell's dealer and posted consumer tank truck pricing schedules; effective 12:01 a.m. on 24 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 Shell Canada Products Limited effective 12:01 a.m. on Thursday, 24 December 1992:
PRODUCT
CENTS PER LITRE
(INCLUDING Federal Excise
and Provincial taxes)Regular unleaded gasoline 49.4 Mid-Grade unleaded gasoline 50.5 Premium unleaded gasoline 51.7 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 per cent G.S.T.) shall be in effect in the Province of Prince Edward Island for the wholesaler Shell Canada Products Limited, effective 12:01 a.m. on 24 December 1992:
PRODUCT
CENTS PER LITRE
(INCLUDING Federal Excise Tax)Regular unleaded gasoline 40.34 Mid-Grade unleaded gasoline 40.84 Premium unleaded gasoline 41.5 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 23rd day of DECEMBER, A.D., 1992.
BY THE COMMISSION:
Vice-Chairman
Commissioner