Edward Island, 31 August 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
2.0 cents per litre, Petro-Canada by 2.1 cents per litre, Ultramar Ltd. and
Imperial Oil Limited by 2.2 cents per litre, and Irving Oil Limited by 2.3
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 2.2 cents per litre based on the increases granted its supplier.
Notwithstanding these approvals and based on the most recent data available, Prince Edward
Island consumers continue to pay lower prices for gasoline products than do consumers in
all other areas of Canada.
Limited received approval to increase its current propane prices by 1.5 cents per
litre (with the exception of that sold through cylinder exchange centres) based on
increased product acquisition costs.
All pricing adjustments become
effective at 12:01 a.m. on Wednesday, 1 September 1999.
Allowable pump prices and
posted consumer prices of furnace fuel resulting from these approvals will be published
For Additional Information
Contact: H. Doris Pursey
See Related Public Notice