Order No. P.950712-1
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 ULTRAMAR CANADA INC. for increases of 1.1 cent per litre in the prices of all products contained in its dealer and posted consumer tank truck pricing schedules, based on increased crude oil costs.
Wednesday, the 12th day of July, A.D., 1995
BEFORE
Linda Webber, Chairman
Anne McPhee, Commissioner
Decision and Order
On 15 June 1995, Mr. Guy Picard, Manager - Corporate Planning for Ultramar Canada Inc. "Ultramar", submitted an application under Section 32 of the Petroleum Products Act requesting approval for an increase of 1.1 cents per litre in all product prices contained in its dealer and posted consumer tank truck pricing schedules, based on average crude oil costs for the period April/May 1995.
Certain discrepancies were noted in this application, which were brought to the attention of the Applicant, and corrections were received by the Commission on the same day.
The details of this application formed part of a press release by the Commission on 16 June 1995, with public input to be received on or before 30 June 1995. No public input was received relative to this application.
The Commission reviewed these submissions at its meeting this date. After reviewing the calculations filed in support of the application for crude oil cost adjustments, the Commission accepts that a 1.1 cent per litre increase in all product prices is justified in light of the increased crude oil costs for the period under review.
After consideration, Ultramar's application was approved as set forth above, with all adjustments becoming effective 12:01 a.m. on Saturday, 15 July 1995, in accordance with the attached Order.
THE COMMISSION HEREBY 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 Saturday, 15 July 1995:
PRODUCT |
CENTS PER LITRE (INCLUDING Federal Excise and Provincial taxes) |
| Regular unleaded gasoline | 51.5 |
| Mid-Grade unleaded gasoline | 53.4 |
| Premium unleaded gasoline | 55.3 |
| Low Sulphur Diesel | 50.3 |
2. 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 Ultramar Canada Inc., effective 12:01 a.m. on Saturday, 15 July 1995:
PRODUCT |
CENTS PER LITRE (INCLUDING Federal Excise tax) |
| Regular unleaded gasoline | 47.3 |
| Mid-Grade unleaded gasoline | 48.0 |
| Premium unleaded gasoline | 48.7 |
| Diesel | 38.5 |
| Stove Oil | 37.1 |
| Furnace Oil | 35.5 |
3. THAT the above dealer prices, with seven per cent G.S.T. added, and the above posted consumer prices, with Provincial Tax (where applicable) and seven per cent G.S.T. added, shall be indicated on all documents accompanying deliveries of these products.
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 12th day of JULY, A.D., 1995.
BY THE COMMISSION:
Chairman
Commissioner