PETROLEUM PRICE ADJUSTMENTS
Edward Island, 26 February 1999 - 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 1.5 cents per litre and Shell Canada Products Limited has been
authorized to decrease by 1.6 cents 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 1.5 cents per litre based on the crude
oil-related decreases granted its supplier. A reduction of 1.7 cents per litre in dealer
prices was also authorized for Wilson Fuels.
Irving Oil Limited received approval to decrease
its propane prices by 1.4 cents per litre (with the exception of that sold through
cylinder exchange centres) based on decreased product acquisition costs.
All pricing adjustments become
effective at 12:01 a.m. on Monday, 1 March 1999.
For Additional Information
Contact: H. Doris Pursey
See Related Public Notice
Posted on Web: 99/03/01