NEWARK — BP Products North America, Inc. has entered into a settlement with the Attorney General’s Office regarding the company’s adherence to state laws and regulations, among other things regarding the pricing of gasoline, Attorney General Peter C. Harvey and Consumer Affairs Director Kimberly Ricketts announced. The parties entered into this agreement without an admission of any violation having occurred.

"New Jersey consumers work hard for their money and this settlement ensures that they get their money's worth at the pump," Governor Codey said. "This settlement was a direct result of BP Products coming to the table to do the right thing."

"Our goal is always to make sure that New Jersey consumers get what they pay for," said Attorney General Harvey. "Gasoline is essential to our lives and it must be priced consistent with the law."

BP Products has agreed to pay $315,000. A portion of these funds will be used to further current and future consumer initiatives. BP Products entered into the settlement on behalf of its twenty-one company owned and operated and sixty-four commissioned agent service stations in the State. Deputy Attorney General Lorraine K. Rak, Chief of the Consumer Fraud Prosecution Section, represented the State in the settlement with BP Products.

The settlement arises from the service station inspections conducted by the State Office of Weights and Measures, as well as county and municipal inspectors, on or about the Labor Day weekend. BP Products voluntarily and fully cooperated with the State’s investigation.

"By voluntarily coming to the table to address our concerns, BP has set a new standard for corporate responsibility, said Kimberly Ricketts, Consumer Affairs Director. "As a role model in the industry, BP Products showed good corporate citizenship by reaching this settlement with our Office."

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