AMSOIL has refrained from adjusting Canadian prices for as long as
possible, but action must be taken to offset the significant losses derived
from increased raw-material costs and continued fluctuation in the exchange
rate this year. The exchange rate between the Canadian and US dollars has been
more volatile recently than at any time since 1929. All projections and
expert advice, however, predict some stability in the coming months. Barring
any major fluctuations in the coming weeks, AMSOIL expects the adjustment to be
in the 9-10 percent range, with an average increase of 9.7 percent.
AMSOIL has implemented every possible action to offset these losses,
including absorbing some of the impact of the declining exchange rate and
increased raw-material costs, as well as taking steps to help maintain this
level of pricing for a reasonable length of time even if there are some additional
minor fluctuations. This is the minimum price adjustment necessary. Updated
pricing will be available in the Dealer Zone by June 12 and hard-copy price
lists will be available shortly thereafter.
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