March 18, 1999 The Island Regulatory and Appeals Commission announced today that approval has been granted to Petro-Canada to reduce the prices of 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, 18 March 1999. Petro-Canada noted that the reason for making the application was because of market conditions. Media Contact: Island Information Service