PETROLEUM PRICE REDUCTIONS
Petro-Canada


Charlottetown, Prince Edward Island, 12 May 1998 - The Island Regulatory and Appeals Commission announced today that approval has been granted to Petro-Canada to reduce the prices of all grades of gasoline sold under its dealer tank truck pricing schedule by 1.4 cents per litre. The lower prices become effective at 12:01 a.m. on Wednesday, 13 May 1998.

Petro-Canada cited market conditions as the reason for the application to reduce these prices.

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For Additional Information
Contact: H. Doris Pursey
(902) 892-3501

Posted on Web: 98/05/12