On June 1, 1985, after extensive discussions between the federal Government and the governments of the oil-producing provinces, the "Western Accord on Energy" was agreed. It provided for the full deregulation of oil prices and for allowing the market forces of international and local supply and demand determine prices. Included in the full deregulation of domestic oil prices, the Western Accord also "abolished import subsidies, the export tax on crude and oil products, and the petroleum compensation charge. It also phased out PIP grants and the PGRT. In addition, controls were lifted on oil exports."