Order No. P.990302-6

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 CO-OP ATLANTIC for a decrease of 0.2 cent per litre in the prices of all grades of gasoline contained in its dealer tank truck pricing schedule, due to market conditions.

Tuesday, the 2^nd day of March, A.D., 1999

BEFORE

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

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Decision and Order

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WHEREAS on 2 March 1999, Mr. Gerry Power, Manager of the Petroleum Department for Co-Op Atlantic, filed with the Commission a request for approval to reduce the prices of all grades of gasoline contained in Co-Op’s dealer schedule by 0.2 cent per litre, based on market conditions;

AND WHEREAS the Commission gave consideration to this application on the basis of the local prices currently in effect, and approved the application with the reduced prices to become effective at 12:01 a.m. on Thursday, 4 March 1999, in accordance with the attached Order;

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 Co-Op Atlantic effective 12:01 a.m. on Thursday, 4 March 1999:

PRODUCT	CENTS PER LITRE (INCLUDING Federal Excise and Provincial Taxes)
Regular Unleaded Gasoline	40.9
Mid-Grade Unleaded Gasoline	42.9
Premium Unleaded Gasoline	44.8
Low Sulphur Diesel	42.0 (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 2nd day of MARCH, A.D., 1999.

BY THE COMMISSION:

Chair

Vice-Chair