March 12, 1999 The Island Regulatory and Appeals Commission announced that approval has been granted to Imperial Oil Limited to reduce the prices of its low sulphur diesel and all grades of gasoline sold under its dealer tank truck pricing schedule by 0.1 cent per litre. The lower prices become effective at 12:01 a.m. on Thursday, 11 March 1999. Imperial cited local market conditions as its reason for making application to reduce these prices. Media Contact: Island Information Service