ST. JOHNS, Nfld. — George Saunders, commissioner of the Petroleum Products Pricing Commission, says Newfoundlanders are paying as much for fuel as they can be expected to.
Saunders stated he is in the process of formally notifying oil companies that the Petroleum Products Act was proclaimed on May 30, and any upward adjustment of the maximum gasoline, automotive diesel or automotive propane can only occur if approved by the commissioner.
“Consumers can now be confident that the price of gasoline will only rise if the oil companies can justify an increase in price to consumers,” says Saunders. “However, oil companies do have the liberty to adjust gasoline prices downward to the benefit of consumers anytime they see fit.”