Bruce Ralston, B.C. minister of jobs, trade and technology, speaks in the B.C. legislature. (Hansard TV)

B.C. pushes for greater industry ‘transparency’ in gasoline pricing

Legislation responds to fuel price gap of up to 13 cents

The B.C. government is moving ahead with legislation to require gasoline producers to disclose more information about their fuel pricing.

Jobs, Trade and Technology Minister Bruce Ralston introduced the “Fuel Price Transparency Act” after an independent investigation this summer could find no explanation for a price gap of between 10 and 13 cents per litre on gasoline sold in B.C.

Speaking to reporters Monday, Ralston stopped short of calling for government regulation of retail fuel pricing, saying he will wait for additional information once the new legislation is passed.

The B.C. Utilities Commission issued a follow-up report last week, after taking more submissions from gasoline processors that supply B.C. from refineries in Burnaby and Prince George, as well as major producers that refine gasoline and diesel in the U.S. and Alberta.

The BCUC was again unable to explain the price gap, under a mandate that prevented it from examining taxation or environmental regulations such as B.C.’s low-carbon fuel standard that mandates use of ethanol in gasoline.

Ralston wasted no time pointing fingers as he introduced the legislation Monday.

“The BCUC found that there are considerable markups on the price of gasoline, including a 10-to-13 cent per litre premium being charged to drivers that the industry refused to explain,” Ralston said.

“This premium results in British Columbians paying an extra $490 million each year. This legislation brings us greater transparency at the gas pumps and sends a message to the oil and gas companies: the days of setting your prices in secrecy are coming to an end.”

RELATED: B.C.’s costly gasoline partly due to low-carbon requirements

RELATED: B.C.’s 13-cent gasoline gap still a mystery, John Horgan says

BCUC chair David Morton said when the first report was issued in September that the small number of producers serving B.C. means the market is not as competitive as it could be. Morton added: “There is no evidence to suggest collusion among the retail operators exists, nor is there evidence of cartel behaviour.”


@tomfletcherbc
tfletcher@blackpress.ca

Like us on Facebook and follow us on Twitter.

BC legislature

Just Posted

Five Vancouver Island First Nations call out Canada for ‘discriminatory’ food fish practices

West Coast nations say government ignoring court-won right to chinook and coho

Nanaimo woman will buy ‘supersonic’ hair dryer after $500,000 lotto win

Debra Allen won $500,000 in July 28 Lotto Max draw

Cougar euthanized after attacking little dog in Qualicum area

Owner freed pet by whacking big cat, but dog didn’t survive the attack

Battle of Fairy Creek: blockade launched to save Vancouver Island old-growth

‘Forest Defenders’ occupy road to prevent logging company from reaching Port Renfrew-area watershed

Laid-off hotel workers begin hunger strike demanding job protection

Laid-off workers not sure what they’ll do when government support programs end

B.C. records 30-50 new COVID-19 cases a day over weekend, no new deaths

Many of those testing positive were identified by contact tracing for being linked to other confirmed infections

Sand sculptor creates special eagle head in Qualicum Beach

Kaube fashions work behind Civic Centre

VicPD investigating two stabbings after confrontation in Centennial Square

Two men in hospital, one with life-threatening injuries

Rent-relief program becomes new front in fight between Liberals, opposition

Opposition trying to draw parallels between decision to have Canada Mortgage and Housing Corp. run program and the WE controversy

Victoria woman attacked while taking photo of dog

Concerned woman pushed to the ground, had phone broken in Victoria park area

Ottawa sets minimum unemployment rate at 13.1% for EI calculation

Statistics Canada says the unemployment rate was 10.9 per cent in July

$45K in donations received after couple’s sudden death in Tulameen

Sarah MacDermid, 31, and Casey Bussiere, 37, died August long weekend

Most Read