Order P.990525-5 - Petroleum - Petro-Canada - Application for Price Increase (May 25/99)

Order No. P.990525-5

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 by PETRO-CANADA for non-crude related increases of 0.3 cents per litre in the price of low sulphur diesel charged its dealers.

Tuesday, the 25th day of May, 1999

BEFORE

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

Decision and Order

PURSUANT to the Commission’s Order No. P.990521-5 relating to the application by Ms. Sophie Turcot, Pricing Advisor – Eastern Region for Petro-Canada for non-crude related increases of 0.3 cents per litre in the prices of all products charged its dealers, it was noted that an error was made in the above-cited Order authorizing the increased prices requested in Petro-Canada’s application in that no increase was ordered in relation to the price of low sulphur diesel to its dealers.

AND WHEREAS this error was referred to a meeting of the Commission this date, and it was decided to issue this further Order in relation to the above-noted application to authorize the requested increase in the price of low sulphur diesel to dealers in relation to the Company’s request to recover costs related to the management of the Petro-Points loyalty program, effective 12:01 a.m. on 26 May 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 Petro-Canada, effective 12:01 a.m. on Wednesday, 26 May 1999:

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

Regular Unleaded Gasoline
41.9 (no change)

Mid-Grade Unleaded Gasoline 43.9 (no change)

Premium Unleaded Gasoline 45.8 (no change)

Low Sulphur Diesel 42.5

2. THAT the above 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 25th day of MAY, A.D., 1999.

BY THE COMMISSION:

Chair

Vice-Chair