January 30, 2003
(Government Services and Lands)
The following is being distributed at the request of the Petroleum Products Pricing Commission:
Commission staff meets with fuel reseller
The review process being conducted by the Petroleum Products Pricing Commission (PPPC) is off to a good start, said George Saunders, commissioner.
Following on the heels of a meeting with the Consumer Group for Fair Gas Prices this week, the PPPC met with senior representatives of Western Petroleum, which is a major fuel reseller operating in the province.
Mr. Saunders said the three-hour meeting with Luke Reynolds and Ivan Cassell Thursday at the PPPC office in Grand Falls-Windsor was productive.
"The company�s executives provided our researchers with valuable information that will assist the commission with its overall review," said the commissioner.
Among the issues discussed were Western Petroleum�s concerns about low-volume markets in the province, as well as the margins and cost of delivery associated with those areas.
"This company represents only one of the major resellers operating in the province, and all information will be taken into consideration in this review process," said Mr. Saunders. "Other meetings are being scheduled, and we are also anxious to hear what other stakeholders in the industry have to say."
Media contact: Michelle Hicks, Communications, 1-866-489-8800; cell: 709-486-4789
2003 01 30 5:10 p.m.