March 6, 1998 The Island Regulatory and Appeals Commission announced today that approval has been granted to Imperial Oil Limited to reduce the prices of all grades of gasoline by 0.6 cent per litre and the price of its low sulphur diesel by 0.4 cent per litre sold under its dealer tank truck pricing schedule. The lower prices become effective at 12:01 a.m. on Sunday, 8 March 1998. Market conditions was given as the reason for these requested reductions. Media Contact: Island Information Service