Order No. P.990428-5
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 made by PETRO-CANADA under Section 32 of the Petroleum Products Act, supra, for crude-cost related increases of 0.8 cent per litre in all product prices contained in its dealer and posted consumer pricing schedules.
Wednesday, the 28th day of April, A.D., 1999
BEFORE
Wayne D. Cheverie, Q.C., Chair
Ginger Breedon, Vice-Chair
Elizabeth MacDonald, Commissioner
Decision and Order
On 13 April 1999, Ms. Sophie Turcot, Pricing Advisor – Eastern Region for Petro-Canada filed with the Commission an application of the same date under Section 32 of the Petroleum Products Act requesting approval for increases of 0.8 cent per litre in the prices all products 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 ’99.
The Commission this date reviewed this application and similar ones submitted by other wholesalers and gave consideration to the pricing adjustments indicated by the Commission’s monitoring of Brent crude oil costs and in the supporting documentation filed by Petro-Canada based on the February/March ’99 average cost of Brent marker crude.
As a result of this consideration, the Commission determined that the requested increases of 0.8 cent per litre to all prices contained in Petro-Canada’s dealer and consumer tank truck pricing schedules are justified, and hereby order Petro-Canada to increase its dealer and posted consumer prices in accordance with this authorization, effective 12:01 a.m., 1 May 1999, 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 Petro-Canada, effective 12:01 a.m. on Saturday, 1 May 1999:
PRODUCT
CENTS PER LITRE
(INCLUDING Federal Excise
and Provincial Taxes)Regular Unleaded Gasoline 41.6
Mid-Grade Unleaded Gasoline 43.6 Premium Unleaded Gasoline 45.5 Low Sulphur Diesel 42.2 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 Petro-Canada, effective 12:01 a.m. on Saturday, 1 May 1999:
PRODUCT
CENTS PER LITRE
(INCLUDING Federal
Excise Tax)Regular Unleaded Gasoline 40.9
Mid-Grade Unleaded Gasoline 41.4 Premium Unleaded Gasoline 42.0 Diesel 32.0 Low Sulphur Diesel 33.1 Stove Oil 30.5 Furnace Oil 27.8 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 APRIL, A. D., 1999.
BY THE COMMISSION:
Chair
Vice-Chair
Commissioner
