November 12, 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 0.1 cent per litre. The lower prices became effective at 12:01 a.m. today, Thursday, 12 November 1998. Petro-Canada cited local market conditions as the reason for the application to reduce these prices. Media Contact: Island Information Service