Island, July 31, 2001 � The Island Regulatory and Appeals Commission announced today the following decreases in all products in petroleum wholesalers' dealer and consumer pricing
schedules have been authorized: Ultramar Ltd.
by 3.1 cpl (cents per litre), Shell Canada Products Limited by 2.9
cpl, Imperial Oil Limited by 3.1 cpl, Irving Oil
Limited by 3.1 cpl, Petro-Canada by 3.5 cpl and
Co-op Atlantic by 2.6 cpl.
These price changes are based on recent crude-related
pricing applications and market-related conditions.
Oil Limited received approval to decrease by 3.2 cpl, and Superior
Propane Inc. received approval to decrease by 3.0 cpl, all
propane prices contained in
their respective propane pricing schedules based on decreased product
pricing adjustments become effective at 12:01 a.m. on Wednesday, August 1,
here for published prices effective August 1, 2001
Contact: Harry MacDonald