Order No. P.990902-7
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 WILSON FUEL CO. LIMITED for increases of 2.2 cents per litre in the prices of all products contained in its dealer tank truck pricing schedule based on increased crude oil costs.
Thursday, the 2nd day of September, A.D., 1999
BEFORE
Wayne D. Cheverie, Q.C., Chair
Ginger Breedon, Vice-Chair
Decision and Order
On 1 September 1999, Mr. David H. G. Collins, Vice-President of Wilson Fuel Co. Limited ("Wilson’s"), filed with the Commission an application and supporting documentation under Section 32 of the Petroleum Products Act requesting approval to adjust prices based on the crude oil cost component of pricing by applying an increase of 2.2 cents per litre to all product prices contained in Wilson’s dealer tank truck pricing schedule, based on its monitoring of average crude oil costs for the two-month period of June/July, 1999.
The Commission reviewed this application this date and gave consideration to the pricing adjustments indicated by the Commission’s monitoring of Brent crude oil costs and the information provided by the Applicant based on the June/July ’99 average cost of Brent marker crude.
As a result of this consideration, the Commission determined that the increases requested by Wilson Fuel Co. Limited were justified. Wilson Fuel Co. Limited is therefore hereby ordered to increase its dealer tank truck prices by 2.2 cents per litre, effective 12:01 a.m., 3 September 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 Wilson Fuel Co. Limited, effective 12:01 a.m. on Friday, 3 September 1999:
PRODUCT
CENTS PER LITRE
(INCLUDING Federal Excise
and Provincial Taxes)Regular Unleaded Gasoline 49.1
Mid-Grade Unleaded Gasoline 51.0 Premium Unleaded Gasoline 52.9 Low Sulphur Diesel 47.1 2. THAT the above dealer prices, with seven per cent G.S.T. added, shall be indicated on all documents accompanying deliveries of these products.
3. 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 2nd day of SEPTEMBER, A. D., 1999.
BY THE COMMISSION:
Chair
Vice-Chair