Petroleum Price Reductions - Ultramar

The Island Regulatory and Appeals Commission announced today that approval has been granted to Ultramar Ltd. to reduce the prices of all grades of gasoline sold under its dealer tank truck pricing schedule by 1.5 cents per litre. The lower prices become effective at 12:01 a.m. on Wednesday, 6 May 1998.

Ultramar cited local market conditions as the reason for the reason for the application to reduce these prices.

For additional information contact H Doris Pursey at (902) 892-3501