Charlottetown, Prince Edward Island, 18 May 2000
Island Regulatory and Appeals Commission announced today that the
applications for non-crude oil cost-related increases set out in its
press release of 20 March 2000 have been dealt with by the Commission in
its Decision and Order No.
These applications contained requests for upward revisions
ranging as high as ten cents per litre.
six applicants were granted non-crude related increases of 1.2 cents per
litre in all grades of gasoline contained in their dealer schedules.
In addition, Ultramar
Ltd., Irving Oil Limited, Shell Canada Products Limited and Co-Op
Atlantic were also authorized to increase the prices of all grades
of gasoline contained in both their dealer and posted consumer schedules
by 0.6 cent per litre based on the requirement to reduce benzene in
their gasoline products in accordance with recent changes in federal
increases had previously been granted to Imperial
Oil Limited and Petro-Canada
for this same reason.
Wilson Fuel Co. Limited is not currently operating in this
jurisdiction, no changes were requested or authorized for this Company at
Commission confirmed in its Decision that the interim increases of 1.0
cent per litre in the price of stove oil and the 2.0 cent per litre
increase in the price of furnace fuel which have been in place since 17
February 2000 would now be included in the base price of these products.
No further pricing adjustment requests were granted with regard to
these or other products.
pricing adjustments become effective at 12:01 a.m. on Saturday, 20 May
pump prices and posted consumer prices of furnace fuel resulting from
these approvals will be published shortly.