The Island Regulatory and Appeals Commission announced today that it has received applications from six petroleum wholesalers requesting non-crude oil cost-related pricing adjustments as indicated in the attached summary. A public notice in this regard is being published in the Guardian and Journal-Pioneer newspapers, and also appears on the Commission's web site, i.e. www.irac.pe.ca.
As indicated in the public notice, these applications are available for viewing at the Offices of the Commission, and comments will be accepted in respect of these applications up to 15 April 2000.
Following that date, the Commission will give further consideration to the applications and the written comments received.
For further information, contact the Island Regulatory and Appeals Commission at (902) 892-3501.
SUMMARY:
The Island Regulatory and Appeals Commission is in receipt of the following applications made pursuant to the Petroleum Products Act, R.S. P.E.I. 1988, Cap. P-5.1 for price changes based on the non-crude-related components of petroleum product pricing:
1. ULTRAMAR LTD. - Application for a 5.2 cents per litre (cpl) increase in dealer prices of all grades of gasoline and a twelve-month temporary increase of 2.0 cpl in the dealer and posted consumer prices of diesel fuel, as well as in the posted consumer prices of stove oil and furnace fuel.
2. SHELL CANADA PRODUCTS LIMITED - Application for a 9.4 cpl increase in dealer prices of gasoline and a 3.2 cpl increase in the dealer price of low sulphur diesel fuel, as well as a 2.2 cpl increase in the posted consumer price of gasoline, a 0.6 cpl decrease in the posted consumer price of both grades of diesel fuel, a 0.1 cpl increase in the posted consumer price of stove oil and a 1.8 cpl increase in the posted consumer price of furnace fuel.
3. IMPERIAL OIL LIMITED - Application for a 1.2 cpl increase in the prices of all dealer and posted consumer product prices.
4. IRVING OIL LIMITED - Application for an 8.6 cpl increase in the dealer and posted consumer prices of all grades of gasoline and a 4.9 cpl increase in the price of dealer low sulphur diesel and posted consumer prices of both grades of diesel. Application requested no change in the posted consumer price of stove oil, and a 3.3 cpl increase in the posted consumer price of furnace fuel.
5. PETRO-CANADA - Application for a 5.0 cpl increase in the dealer prices of all grades of gasoline and low sulphur diesel fuel, and an application for a 2.0 cpl increase in the posted consumer prices of all products (gasolines, diesel, stove oil and furnace fuel).
6. CO-OP ATLANTIC - Application for a 10.0 cpl increase in the dealer and posted consumer prices of all grades of gasoline and a 7.7 cpl increase in the dealer and posted consumer prices of diesel fuel, as well as an increase of 6.7 cpl in the posted consumer price of stove oil and a 5.7 cpl increase in the posted consumer price of furnace fuel.