January 21, 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 0.7 cent per litre. The lower prices become effective at 12:01 a.m. on Thursday, 22 January 1998. Market conditions was given as the reason for this request. Media Contact: Island Information Service