
Order No. P.971028-1
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 LTD. for increases of 0.5 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.
Tuesday, the 28th day of October, 1997
BEFORE
Wayne D. Cheverie, Q.C., Chair
Ginger Breedon, Vice-Chair
James Nicholson, Commissioner
Decision and Order
On 15 October 1997, an application dated 10 October 1997 was filed with
the Commission by Tom Ptolemy, Co-ordinator Commercial for Ultramar Ltd.
("Ultramar"). This application requested approval to increase the prices of all
products contained in Ultramar's dealer tank truck and posted consumer pricing schedules
by 0.5 cent per litre, based on average crude oil costs for the two-month period of
August/September, 1997.
The Commission reviewed this application and others this date and gave
consideration to the pricing adjustments requested by Ultramar based upon the supporting
documentation filed and the Commissions monitoring of the August/September, 1997
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
Ultramars dealer and posted consumer prices by 0.5 cent per litre, effective 12:01
a.m., 1 November 1997, 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 Ltd., effective 12:01 a.m. on
Saturday, 1 November 1997:
PRODUCT |
CENTS PER LITRE
(INCLUDING
Federal Excise
and Provincial taxes) |
Regular unleaded gasoline |
49.9 |
Mid-Grade unleaded gasoline |
51.9 |
Premium unleaded gasoline |
53.8 |
Low Sulphur Diesel |
50.9 |
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 Ltd., effective 12:01
a.m. on Saturday, 1 November 1997:
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 |
Low Sulphur Diesel |
38.9 |
Stove Oil |
36.5 |
Furnace Oil |
33.9 |
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.