Several oil companies have refused to provide data about their profit margins on gasoline to British Columbia’s utility regulator as part of a review of the province’s high gas prices.
Premier John Horgan asked the commission to report by Aug. 30 on the factors that affect wholesale and retail gas prices – in particular, why refining margins are so much higher than in other parts of the country. He made the request in May when gas prices were about $1.70 a litre. In a statement, the chair and chief executive officer of the BCUC said the inquiry panel is in the midst of reviewing submissions to see if further information is required.
The BC Liberal opposition says the situation just underlines the failure of the NDP government to deal with the issue by relying on the hearings without allowing a review of its own fuel policies as the NDP government.
GlobeBC Any data they provide would be spun by the Horgan government into the high gas prices being their fault, anyone notice that the .52 cents per liter tax is never mentioned?
GlobeBC Take away their subsidies.
GlobeBC You know they are doing quite well, billion dollar well for sure.
GlobeBC Oil companies refuse to provide profit data because profit data will reveal why gas prices are so high. Nothing to do with taxes. Profit data will also reveal how big oil colluded with the Cons to attack Kathleen wynne and Justin Trudeau. Foreign interference with CDN elections.
GlobeBC Not should they
GlobeBC They're dinosaurs...they'll be out of business soon enough, well before the end of the century I should hope.
GlobeBC Weird, given the anti pipeline sentiment in B.C., I thought they didn't need fossil fuels. Silly me...just a bunch of hypocrites.
GlobeBC Of course they do. Need more time to doctor the numbers. 🤔
GlobeBC Why should they? Besides, the high prices achieve exactly what the government wants.