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.

Just Posted

Public hearing set for affordable housing development in Parksville

Council passes two bylaws, eyes 130 Shelly Rd. as affordable housing units for families

No injuries reported in five-vehicle pileup in Nanoose Bay

Traffic slowed briefly on Monday afternoon

Christmas program creating tradition for PQB single mother and daughter

‘It just makes all the difference for your child to smile and laugh on Christmas morning’

PQB crime report: Thieves pilfer cash, root beer and hand sanitizer

Oceanside RCMP receive 249 complaints in one-week period

Solutions in sight for Parksville Qualicum Beach doctor shortage

With feasibility study funded, group shares vision of ‘campus of healthcare’

B.C. woman charged in connection to stolen vehicle smash-up in Kamloops

Kersten Ina Peters was arrested in the Fraser Valley on Friday, Dec. 6

VIDEO: Harbour Air makes history with first electric aircraft test flight

Successful flight marks first of its kind in the world

The Grinch who Stole a Hedge: Security camera captures Chilliwack tree theft

RCMP arrives as person calmly walks away with tree in downtown area

The Russell Troupe finds a comfort zone in small Island community

Family gathering with two parents and five kids a common scene around Chemainus

Dogs and cat rescued in house fire in Nanaimo

Section of Old Victoria Road was closed to traffic Tuesday afternoon

Salmonella outbreak in Canada linked to rodents and snakes

92 cases of salmonella across six provinces, including B.C.

Meng Wanzhou wins right to more documents involving arrest at Vancouver airport

Defence lawyers allege the Huawei executive was unlawfully detained, searched and interrogated

Truck with body inside found at bottom of lake near Kootenay ferry

Investigators believe no foul play is expected but are unsure how the vehicle ended up in the Arrow Lakes

Most Read