Shell & Irving
Edward Island, 12 March 1998 - The Island
Regulatory and Appeals Commission announced today that approval has been granted to Shell
Canada Products Limited to reduce by 0.5 cent per litre the prices of all grades of
gasoline and low sulphur diesel sold under its dealer tank truck pricing schedule.
The Commission also
approved an application by Irving Oil Limited for a reduction of 1.9 cents per litre in
the price of its low sulphur diesel to dealers and a reduction of 0.6 cent per litre in
the posted consumer prices of both grades of diesel fuel.
Market conditions was given
as the reason for these requested reductions.
The lower prices of both
companies become effective at 12:01 a.m. on Friday, 13 March 1998.
For Additional Information
Contact: H. Doris Pursey
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