Order No. P.960312-5
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 PETRO-CANADA for increases of 1.5 cents 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 12th day of March, A.D., 1996
BEFORE
John L. Blakney, Vice-Chairman
Anne McPhee, Commissioner
Decision and Order
On 14 February 1996, Mr. Gordon Wall, Senior Coordinator Sales - Atlantic for Petro-Canada, filed with the Commission an application under Section 32 of the Petroleum Products Act requesting approval for an increase of 1.5 cents 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 December, 1995/January, 1996.
This application formed part of a press release by the Commission on 16 February 1996, with public input sought on or before 29 February 1996. This release prompted several telephone inquiries seeking information relating to this and other applications for price increases.
However, no written public comments were received with respect to these applications.
The Commission reviewed this application and others this date and gave consideration to the pricing adjustments requested by Petro-Canada based on the December, 1995/January, 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 Petro-Canada’s dealer and posted consumer prices by 1.5 cents per litre, effective 12:01 a.m., 15 March 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 Petro-Canada, effective 12:01 a.m. on Friday, 15 March 1996:
PRODUCT
CENTS PER LITRE (INCLUDING Federal Excise
and Provincial taxes)
Regular unleaded gasoline 49.8 Mid-Grade unleaded gasoline 51.8 Premium unleaded gasoline 53.7 Low Sulphur Diesel 47.2 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 Friday, 15 March 1996:
PRODUCT
CENTS PER LITRE (INCLUDING Federal
Excise tax)
Regular unleaded gasoline 46.0 Mid-Grade unleaded gasoline 46.5 Premium unleaded gasoline 47.1 Diesel 37.1 Low Sulphur Diesel 38.2 Stove Oil 36.6 Furnace Oil 34.9 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 12th day of MARCH, A.D., 1996.
BY THE COMMISSION:
Vice-Chairman
Commissioner