Approved Minimum and Maximum Prices
Effective 1 July 1998

Following are the approved minimum & maximum pump prices in cents per litre of gasolines and diesel fuels in P.E.I. Prices include allowable dealer markups*, the taxes noted below and GST. Dealers may price anywhere within the ranges provided markup is consistent on all gasoline grades and at split-serve outlets, self-serve prices are at least one cent below full-serve prices.

Full-Serve
Pump Prices

Self-Serve
Pump Prices


BRAND MIN. MAX. MIN. MAX.
*(5.0) (6.5) (4.0) (5.5)
ULTRAMAR
Regular Unleaded 52.3 53.9 51.3 52.9
Mid-Grade Unleaded 54.5 56.1 53.4 55.0
Premium Unleaded 56.5 58.1 55.4 57.0
Low Sulphur Diesel 52.8 54.4 51.7 53.3
SHELL CANADA
Regular Unleaded 52.2 53.8 51.1 52.8
Mid-Grade Unleaded 54.4 56.0 53.3 54.9
Premium Unleaded 56.4 58.0 55.3 56.9
Low Sulphur Diesel 52.9 54.5 51.8 53.4
IMPERIAL OIL
Regular Unleaded 52.3 53.9 51.3 52.9
Mid-Grade Unleaded 54.5 56.1 53.4 55.0
Premium Unleaded 56.5 58.1 55.4 57.0
Low Sulphur Diesel 52.8 54.4 51.7 53.3
IRVING OIL
Regular Unleaded 52.2 53.8 51.1 52.8
Mid-Grade Unleaded 54.4 56.0 53.3 54.9
Premium Unleaded 56.4 58.0 55.3 56.9
Low Sulphur Diesel 52.6 54.2 51.6 53.2
PETRO-CANADA
Regular Unleaded 52.2 53.8 51.1 52.8
Mid-Grade Unleaded 54.4 56.0 53.3 54.9
Premium Unleaded 56.4 58.0 55.3 56.9
Low Sulphur Diesel 52.6 54.2 51.6 53.2
CO-OP ATLANTIC
Regular Unleaded 52.3 53.9
Mid-Grade Unleaded 54.5 56.1 N/A
Premium Unleaded 56.5 58.1
Low Sulphur Diesel 53.3 54.9

PRICES INCLUDE Provincial Tax of 13.0 cents/litre on all grades of gasoline and 13.5 cents/litre on diesel fuel. Federal Excise Tax is 10.0 cents/litre on gasoline and 4.0 cents/litre on diesel.

POSTED FURNACE FUEL PRICES are as follows, PLUS 7% GST:
ULTRAMAR 29.7

IRVING OIL

29.6
SHELL CANADA 29.0

PETRO-CANADA

29.7
IMPERIAL OIL 29.2

CO-OP ATLANTIC

29.5

NOTE: Prices are in cents per litre and are based on dealer tank truck and posted consumer prices in effect as of 1 JULY 1998. Prices may change without notice with approval or tax revision.


See Related News Release

Posted on Web: 98/07/02