Mr. Speaker, the petroleum products revolving fund is revenue neutral. That is, it operates on a break even basis. At this point of time, it is in a deficit situation and the deficit this year will be over $1 million. If I can recall correctly the cumulative debt is over $3 million, so we do need to take care of that problem. If we raise fuel prices, I would say, is a possibility which FMB will have to think about seriously, the money would go toward the cost of fuel.
Goo Arlooktoo on Question 500-13(3): Raising The Price Of Heating Fuel
In the Legislative Assembly on October 16th, 1996. See this statement in context.
Further Return To Question 500-13(3): Raising The Price Of Heating Fuel
Question 500-13(3): Raising The Price Of Heating Fuel
Item 6: Oral Questions
October 15th, 1996
Page 1185
Goo Arlooktoo Baffin South
See context to find out what was said next.