Order P.980910-4 - Petroleum - Irving Oil Limited - Application to Decrease Dealer Gas Prices (Sep. 10/98)

Order No. P.980910-4

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 IRVING OIL LIMITED for a decrease of 0.1 cent per litre in the prices of all grades of gasoline contained in its dealer tank truck pricing schedule, due to market conditions.
Thursday, the 10th day of September, A.D., 1998

BEFORE

Wayne D. Cheverie, Q.C., Chair
Ginger Breedon, Vice-Chair

Decision and Order

PURSUANT to the Commission's Decision and Order No. P.980827-4, Ms. Claudette Maxwell, Pricing Representative for Irving Oil Limited, filed with the Commission on 10 September 1998 an application under Section 32 of the Petroleum Products Act requesting approval for a decrease of 0.1 cent per litre in the prices of all grades of gasoline contained in its dealer tank truck pricing schedule, due to market conditions. The reason given for this application was to allow this wholesaler to price more competitively.

AND WHEREAS the Commission, after consideration of the application and a review of area prices, approved the application to decrease the prices of gasoline to its dealers as requested, effective 12:01 a.m. on Saturday, 12 September 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 Irving Oil Limited effective 12:01 a.m. on Saturday, 12 September 1998:

PRODUCT
CENTS PER LITRE
(INCLUDING Federal Excise
and Provincial Taxes)

Regular Unleaded Gasoline
42.1

Mid-Grade Unleaded Gasoline 44.1

Premium Unleaded Gasoline 46.0

Low Sulphur Diesel 42.6 (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.

DATED at CHARLOTTETOWN this 10th day of SEPTEMBER, A.D., 1998.

BY THE COMMISSION:

Chair

Vice-Chair