Fuel Purchases Agreement - 4Refuel Canada LP

Annual costs for fuel vary based on commodity pricing and consumption. Fuel expenditures in 2025 were approximately $1,600,000 for City operations and $200,000 for Richmond Fire Rescue, for a total of $1,800,000. Given the volatility of fuel pricing (i.e. weekly rack rate), annual budget estimates are based on previous year fuel prices and consumption data. Based on consumption, adequate funding is included in the respective operating budgets for Fleet Operations and Richmond Fire Rescue.

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