of an application by the P.E.I. Petroleum Marketer’s Association Inc.
requesting weekly pricing adjustments for petroleum products sold on Prince
Notice of Application
that the P.E.I. Petroleum Marketer’s Association Inc. has filed with the
Island Regulatory and Appeals Commission a request for weekly pricing
In its submission dated July, 2008, the P.E.I. Petroleum Marketer’s
Association Inc. states that “marketers are at the mercy of the global
market in terms of product cost, but often find themselves unable to market
the product in a regulated environment at a price that provides reasonable
returns for the considerable effort and investment required to operate this
type of business” and that “the Commission’s current policy of
reviewing prices twice monthly is not sufficient to address the volatility
of petroleum product costs in today’s marketplace”. The Association
requests “that the Commission review our request and move to implement this
critical change as soon as possible, in time for the upcoming heating
Under Section 2 of the
Act the Commission has the responsibility “to
ensure at all times a just and reasonable price for heating fuel and motor
fuel to consumers and licensees within the province”; and
Under Section 27 “The Commission has general supervision of all
wholesalers, wholesaler-retailers and retailers with respect to the pricing
of heating fuel and motor fuel, including the authority to regulate the
timing and frequency of price changes…..”
HOW TO SEE THE APPLICATION
A complete copy of the request is available
(251 KB) PDF*.
Any person wishing to obtain a hard copy of the filing can do so by writing
to the P.E.I. Petroleum Marketer’s Association Inc. at the address below.
HOW TO COMMENT AND ASK QUESTIONS
Any person wishing to comment on the filing can do so by writing to the
Commission at the address below. In order to be considered, comments must be
received by August 1, 2008. Comments provided to the Commission must also be
forwarded to the Applicant at the address indicated below.
The Commission will determine the necessity of a public hearing into this
application following receipt of written comments.
FOR ADDITIONAL INFORMATION
Additional information on the application can be obtained by contacting Mr.
Walter MacDonald, Executive Director of the P.E.I. Petroleum Marketer’s
Association Inc. at the address below. Written communications should be
P.E.I. Petroleum Marketer's Association Inc.
P.O. Box 2374
Charlottetown, PE C1A 8C1
Island Regulatory and Appeals
P.O. Box 577
Charlottetown, PE C1A 7L1
at Charlottetown, this
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