July Energy Surcharge Set For 5 Percent
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From: Fort McMurray, AB
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July Energy Surcharge Set For 5 Percent
Energy Surcharge for July will remain at 5% in the United States and Puerto Rico. No surcharge to be implemented in Canada for July. New prices to be implemented on August 1, 2008.
Although cost increases dictate a need to significantly increase the surcharge percentage in the US and to implement one in Canada, AMSOIL plans to hold it where it is for another month. AMSOIL is aware that a price increase for each product is preferable to a surcharge, but it was not something the company could implement quickly enough or with an acceptable degree of accuracy in a short time frame. The energy surcharge was the best short term method possible to keep up with rapidly rising costs. Set prices, reflecting an 8%-14% price increase, will replace the surcharge program effective August 1, 2008.
Although cost increases dictate a need to significantly increase the surcharge percentage in the US and to implement one in Canada, AMSOIL plans to hold it where it is for another month. AMSOIL is aware that a price increase for each product is preferable to a surcharge, but it was not something the company could implement quickly enough or with an acceptable degree of accuracy in a short time frame. The energy surcharge was the best short term method possible to keep up with rapidly rising costs. Set prices, reflecting an 8%-14% price increase, will replace the surcharge program effective August 1, 2008.