Approved Minimum and Maximum Prices
Effective 1 November 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 51.6 53.2 50.5 52.1
Mid-Grade Unleaded 53.7 55.3 52.6 54.2
Premium Unleaded 55.7 57.4 54.7 56.3
Low Sulphur Diesel 52.2 53.8 51.1 52.8
SHELL CANADA
Regular Unleaded 51.5 53.1 50.4 52.0
Mid-Grade Unleaded 53.6 55.2 52.5 54.1
Premium Unleaded 55.6 57.2 54.6 56.2
Low Sulphur Diesel 52.1 53.7 51.0 52.6
IMPERIAL OIL
Regular Unleaded 51.6 53.2 50.5 52.1
Mid-Grade Unleaded 53.7 55.3 52.6 54.2
Premium Unleaded 55.7 57.4 54.7 56.3
Low Sulphur Diesel 52.0 53.6 50.9 52.5
IRVING OIL
Regular Unleaded 51.6 53.2 50.5 52.1
Mid-Grade Unleaded 53.7 55.3 52.6 54.2
Premium Unleaded 55.7 57.4 54.7 56.3
Low Sulphur Diesel 52.1 53.7 51.0 52.6
PETRO-CANADA
Regular Unleaded 51.7 53.3 50.6 52.2
Mid-Grade Unleaded 53.8 55.4 52.8 54.4
Premium Unleaded 55.9 57.5 54.8 56.4
Low Sulphur Diesel 52.2 53.8 51.1 52.8
CO-OP ATLANTIC
Regular Unleaded 51.8 53.4
Mid-Grade Unleaded 53.9 55.5 N/A
Premium Unleaded 56.0 57.6
Low Sulphur Diesel 52.8 54.4

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 29.2

IRVING OIL

29.1
SHELL CANADA 28.7

PETRO-CANADA

29.3
IMPERIAL OIL 28.7

CO-OP ATLANTIC

29.0

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

See Related News Release

Posted on Web: 98/11/02