Petroleum Pricing Adjustments
Edward Island, 29 April 1998 - The Island Regulatory and Appeals Commission announced today that
applications for crude oil cost-related decreases have been approved by the Commission. Ultramar
Ltd., Shell Canada Products Limited, Imperial Oil Limited, Irving Oil Limited and
Wilson Fuel Co. Ltd. have been authorized to decrease by 2.7 cents per litre, and
Petro-Canada has been authorized to decrease by 2.8 cents per litre the prices of all
products contained in their dealer and posted consumer schedules. Co-Op Atlantic
also received approval to decrease its prices by 2.7 cents per litre based on the
decreases granted its supplier.
In addition, the Commission
approved a simultaneous increase in the price of low sulphur diesel fuel to Petro-Canada
dealers of 0.9 cents per litre as a result of an application requesting a non-crude
related increase of 1.3 cents per litre.
Limited received approval to decrease its propane prices by 1.3 cents per litre
(with the exception of that sold through cylinder exchange centres), based on decreased
All pricing adjustments become
effective at 12:01 a.m. on Friday, 1 May 1998.
Contact: H. Doris Pursey
Posted on Web: 98/04/30