May 1, 1997 The Island Regulatory and Appeals Commission announced today that applications for crude oil cost-related decreases have been approved by the Commission. Petro-Canada has been authorized to decrease by 3.2 cents per litre, Shell Canada Products Limited, Irving Oil Limited and Ultramar Canada Inc. have been authorized to decrease by 3.3 cents per litre, and Imperial Oil Limited has been authorized to decrease by 3.4 cents per litre the prices of all products in their dealer and posted consumer pricing schedules. Co-op Atlantic also received approval to decrease its prices by 3.4 cents per litre based on the decreases granted its supplier. All pricing adjustments are effective at 12:01 a.m. on Thursday, 1 May 1997. For additional information, contact: H. Doris Pursey at (902) 892-3501. Media Contact: