PETROLEUM PRICE ADJUSTMENTS
Edward Island, 30 December 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., Imperial
Oil Limited, Irving Oil Limited and Petro-Canada have been authorized to
decrease by 0.8 cent per litre and Shell Canada Products Limited has been
authorized to decrease by 0.7 cent per litre the prices of all products contained in their
dealer and posted consumer schedules. Co-Op Atlantic received approval to decrease
all dealer and posted consumer prices by 0.8 cent per litre based on the crude oil-related
decreases granted its supplier. A reduction of 0.7 cent per litre in dealer prices was
also authorized for Wilson Fuels.
Irving Oil Limited received approval to increase
its propane prices by 1.1 cents per litre (with the exception of that sold through
cylinder exchange centres) based on increased product acquisition costs.
All pricing adjustments become
effective at 12:01 a.m. on Friday, 1 January 1999.
For Additional Information
Contact: H. Doris Pursey
See Related Public Notice
Posted on Web: 98/12/30