PRICE INCREASES -
Edward Island, 29 October 1999 The Island Regulatory and Appeals Commission announced today that
applications for crude oil cost-related increases have been approved by the Commission. Shell
Canada Products Limited has been authorized to increase by 4.4 cents per litre, Petro-Canada
by 4.1 cents per litre, Ultramar Ltd., Imperial Oil Limited and Irving Oil Limited by
4.2 cents per litre the prices of all products contained in their dealer and posted
consumer schedules. Co-Op Atlantic also received approval to increase all dealer
and posted consumer prices by 4.2 cents per litre based on the increases granted its
supplier and Wilson Fuel Co. Limited received approval to increase its dealer
prices by 4.2 cents per litre. Notwithstanding these approvals and based on the most
recent data available, Prince Edward Islands prices for gasoline products continue
to be significantly lower than the average prices of these products in almost all other
areas of Canada.
Irving Oil Limited
received approval to increase its current propane prices by 3.5 cents per litre based on
increased product acquisition costs.
All pricing adjustments become
effective at 12:01 a.m. on Monday, 1 November 1999.
Allowable pump prices and posted
consumer prices of furnace fuel resulting from these approvals will be published shortly.
For Additional Information
Contact: H. Doris Pursey
See Related Public Notice