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

A map of CP's proposed logistics park.
Pitt Meadows city hall and residents oppose new CP Rail operation

Company announces plans for CP Logistics Park: Vancouver

RCMP responded to a pedestrian accident Wednesday in Pitt Meadows. (The News files)
Senior pedestrian struck by vehicle in Pitt Meadows

Driver stayed on scene, ticketed by RCMP

Protestors stand outside Alouette Heights Wednesday afternoon. (Colleen Flanagan/The News)
Supportive housing residents protest guest ban

A dozen or so people gathered in front of the Alouette Heights… Continue reading

Rent banks have been opened to help tenants in Maple Ridge and Pitt Meadows. (Black Press files)
Rent banks open in Maple Ridge and Pitt Meadows for tenants in need

Provide loans to help keep people from falling into homelessness

Art artist rendering of the new Pitt Meadows Fire Hall.
Pitt Meadows council picks fire hall builder

Pitt Meadows council picks fire hall builder on $12.8 million facility

An RCMP officer confers with military rescuers outside their Cormorant helicopter near Bridesville, B.C. Tuesday, Dec. 1. Photo courtesy of RCMP Cpl. Jesse O’Donaghey
Good Samaritan helped Kootenay police nab, rescue suspect which drew armed forces response

Midway RCMP said a Good Samaritan helped track the suspect, then brought the arresting officer dry socks

People line up at a COVID-19 assessment centre during the COVID-19 pandemic in Scarborough, Ont., on Wednesday, December 2, 2020. Toronto and Peel region continue to be in lockdown. THE CANADIAN PRESS/Nathan Denette
COVID-19 vaccine approval could be days away as pressures mount on health-care system

Many health officials in regions across the country have reported increasing pressures on hospitals

(Needpix.com)
Pandemic has ‘exacerbated’ concerns for B.C. children and youth with special needs: report

Pandemic worsened an already patchwork system, representative says

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

The Integrated Homicide Investigation Team is investigating after a 30-year-old woman died in a Newton alley early this morning after being found with gunshot wounds in a vehicle. The incident happened in the 13700-block of 75A Avenue. (Photo: Lauren Collins).
Woman, 30, dead after early morning crash, shooting in Surrey

Surrey RCMP looking for vehicle, video surveillance in area of 13700-block of 75A Avenue

Statue of Lady Justice at B.C. Supreme Court in New Westminster. (File photo: Tom Zytaruk)
Judge finds Surrey RCMP breached two robbery suspects’ Charter rights

This was in connection with the robbery of the Ritecare Pharmacy in Surrey on Oct. 10, 2017

Most Read