Order No. P.960510-1
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 1.0 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.
Friday, the 10th day of May, A.D., 1996
BEFORE
Linda Webber, Chairman
Anne McPhee, Commissioner
Decision and Order
On 12 April 1996, Mr. Guy Picard, Manager - Corporate Planning for Ultramar Canada Inc. ("Ultramar"), filed with the Commission an application under Section 32 of the Petroleum Products Act requesting approval for an increase of 1.0 cent 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 two-month period of February/March, 1996.
This application formed part of a press release by the Commission on 16 April 1996, with public input sought on or before 30 April 1996. This release prompted one letter and two telephone inquiries from members of the public seeking information relating to this and similar applications for price increases.
The Commission reviewed this application and others this date and gave consideration to the pricing adjustments requested by Ultramar based on the February/March, 1996 average cost of Brent marker crude.
Following this consideration, the Commission accepted the calculations supplied by the Applicant, and determined that it would be just and reasonable to increase Ultramar’s dealer and posted consumer prices by 1.0 cent per litre, effective 12:01 a.m., 13 May 1996, and ordered these increases based on the crude oil cost component of pricing, 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 Monday, 13 May 1996:
PRODUCT
CENTS PER LITRE (INCLUDING Federal Excise
and Provincial taxes)
Regular unleaded gasoline 50.9 Mid-Grade unleaded gasoline 52.9 Premium unleaded gasoline 54.8 Low Sulphur Diesel 49.9 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 Monday, 13 May 1996:
PRODUCT
CENTS PER LITRE (INCLUDING Federal
Excise tax)
Regular unleaded gasoline 47.7 Mid-Grade unleaded gasoline 48.4 Premium unleaded gasoline 49.1 Diesel 38.9 Stove Oil 37.5 Furnace Oil 35.9 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 10th day of MAY, A.D., 1996.
BY THE COMMISSION:
Chairman
Commissioner