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

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

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

COVID-19. (Image courtesy CDC)
81 new cases of COVID-19 detected in Interior Health Friday

One additional staff member at Kelowna long-term care home tests positive, no new deaths

.
Regional COVID-19 numbers on the rise

More than 20 cases have been diagnosed in the region since last week

Fernie Fire Rescue evacuated three properties on Monday afternoon due to a residential gas leak. File photo.
RDEK extends agreement with City of Fernie for rural fire coverage

The district voted to renew its agreement for five years and contribute $450,000 for an eventual new firehall

The 2020 Wasa Triathlon was cancelled. Above, the bike portion of the 2019 event. Bulletin file
Gerick Sports Wasa Triathlon committee is going ahead with planning 2021 event

Lots of uncertainty, but the committee has decided its too early to cancel

Dr. Albert de Villiers, Chief Medical Health Officer for the Interior Health Authority. (Contributed)
‘People need to start listening’: IH top doc combats COVID-19 misconceptions

Dr. Albert de Villiers says light at the end of the tunnel will grow in step with people’s adherence to PHO guidance

Pickleball game in Vancouver on Sunday, November 8, 2020. B.C.’s public health restrictions for COVID-19 have been extended to adult team sports, indoors and outside. THE CANADIAN PRESS/Darryl Dyck
711 more COVID-19 cases detected in B.C. Friday

‘Virus is not letting up and neither can we’

Demonstrators, organized by the Public Fishery Alliance, outside the downtown Vancouver offices of Fisheries and Oceans Canada July 6 demand the marking of all hatchery chinook to allow for a sustainable public fishery while wild stocks recover. (Public Fishery Alliance Facebook photo)
Angry B.C. anglers see petition tabled in House of Commons

Salmon fishers demand better access to the healthy stocks in the public fishery

(Hotel Zed/Flytographer)
B.C. hotel grants couple 18 years of free stays after making baby on Valentines Day

Hotel Zed has announced a Kelowna couple has received free Valentines Day stays for next 18 years

Farmers raise slogans during a protest on a highway at the Delhi-Haryana state border, India, Thursday, Dec. 3, 2020. Prime Minister Justin Trudeau rejected the diplomatic scolding Canada’s envoy to India received on Friday for his recent comments in support of protesting Indian farmers. Tens of thousands of farmers have descended upon the borders of New Delhi to protest new farming laws that they say will open them to corporate exploitation. THE CANADIAN PRESS/AP-Manish Swarup
Trudeau brushes off India’s criticism for standing with farmers in anti-Modi protests

The High Commission of India in Ottawa had no comment when contacted Friday

Cannabis bought in British Columbia (Ashley Wadhwani/Black Press Media)
Is it time to start thinking about greener ways to package cannabis?

Packaging suppliers are still figuring eco-friendly and affordable packaging options that fit the mandates of Cannabis Regulations

Nurse Kath Olmstead prepares a shot as the world’s biggest study of a possible COVID-19 vaccine, developed by the National Institutes of Health and Moderna Inc., gets underway Monday, July 27, 2020, in Binghamton, N.Y. U.S. biotech firm Moderna says its vaccine is showing signs of producing lasting immunity to COVID-19, and that it will have as many as many as 125 million doses available by the end of March. THE CANADIAN PRESS/AP-Hans Pennink
Canada orders more COVID vaccines, refines advice on first doses as cases reach 400K

Canada recorded its 300,000th case of COVID-19 on Nov. 16

Apartments are seen lit up in downtown Vancouver as people are encouraged to stay home during the global COVID-19 pandemic on Thursday, Dec. 3, 2020. British Columbia’s deputy provincial health officer says provincewide data show the most important area B.C. must tackle in its response to the COVID-19 pandemic is health inequity. THE CANADIAN PRESS/Marissa Tiel
Age, income among top factors affecting well-being during pandemic, B.C. survey shows

Among respondents earning $20,000 a year or less, more than 41 per cent reported concern about food insecurity

Interior Health says Salmo’s COVID-19 cases have been contained. Photo: Wikimedia Commons
Interior Health: Salmo’s COVID-19 cases are contained

Every person who tested positive has recovered

Victoria-based driving instructors are concerned for their own and the community’s safety with the continued number of residents from COVID hotspots in the Lower Mainland coming to the city to take their driving road tests. (Black Press Media file photo)
Students from COVID hotspots travel to Vancouver Island for driving tests

Union leader calls on government to institute stronger travel ban

Most Read