Order No. P.971028-1
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 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 Commission’s 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 Ultramar’s 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.
DATED at CHARLOTTETOWN this 28th day of OCTOBER, A.D., 1997.
BY THE COMMISSION:
Chairman
Vice-Chairman
Commissioner