Order No. P.980805-1
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 decreases of 0.2 cent per
litre in the prices of all grades of gasoline in its dealer tank truck pricing schedule
based on market conditions.
Wednesday, the 5th day of August, A.D., 1998
BEFORE
Ginger Breedon, Vice-Chair
Elizabeth MacDonald, Commissioner
Decision and Order
On 5 August 1998, an application of the same date was filed with the
Commission by Tom Ptolemy, Co-ordinator Heating, Commercial Programs for Ultramar
Ltd. ("Ultramar"). This application requested approval to decrease the prices of
all grades of gasoline contained in Ultramar's dealer tank truck pricing schedule by 0.2
cent per litre, based on local market conditions.
The Commission, after consideration of this application and current
prices in the marketplace, approved the application to decrease all gasoline prices
contained in Ultramars dealer tank truck pricing schedule, effective 12:01 a.m. on
Friday, 7 August 1998, in accordance with the Order which follows.
THE COMMISSION THEREFORE 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 Friday,
7 August 1998:
PRODUCT |
CENTS PER LITRE
(INCLUDING Federal Excise
and Provincial Taxes) |
Regular Unleaded Gasoline |
43.7 |
Mid-Grade Unleaded Gasoline |
45.7 |
Premium Unleaded Gasoline |
47.6 |
Low Sulphur Diesel |
44.3 (No Change) |
2. THAT the above prices, with seven per
cent G.S.T. added, shall be indicated on all documents accompanying deliveries of these
products to said dealers.
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.