Petroleum Price Reductions - Petro-Canada

The Island Regulatory and Appeals Commission announced today that approval has been granted to Petro-Canada to reduce its posted consumer tank truck price of furnace fuel by 0.3 cpl. The lower price becomes effective at 12:01 a.m. on Sunday, 8 October 2000.

Petro-Canada cited local market conditions as the reason for the application to reduce the price of this product.

Media Contact: Island Information Service