Jobs Minister Bruce Ralston says the Fuel Price Transparency Act would allow the B.C. Utilities Commission to collect information from fuel companies on market conditions involved in setting gasoline prices.
The B.C. government asked the independent utilities commission last summer to examine fuel prices in the province as gasoline costs in Metro Vancouver were consistently the highest in Canada, reaching $1.70 per litre and above. The commission found substantial price increases in B.C.'s gasoline market, including a cost of about 13 cents per litre charged to drivers that the industry was unable to explain.
Ralston says that unexplained premium results in residents and businesses in B.C. paying an extra $490 million every year for fuel. He says the act will require companies to share data on refined fuel imports and exports, fuel volumes at refineries and terminals and wholesale and retail prices.Gas companies gave 'inconclusive or conflicting' reasons for 13 cents/L price gap: reportGas prices are seen at a record-breaking 163.9 cents a litre in Metro Vancouver station on April 4, 2019.
Get rid of greens and NDP first
Forcing an industry to post their profit margins means many will pull out of the industry. No other retailers are told they have to reveal their bottom lines. Govt controls, our democracy is being destroyed.
What a bunch of Suzukified dummies in BC. TransMountain serves CONSUMERS. When will the media help them get this? jkenney sonyasavage ableg abpoli cdnpoli
Way to go importing is so much more reasonable and helps out our climate, too! They have to send this freighter half way round the world using diesel fuel! JT wants this for Canada to line his pockets with Saudi Oil and our tax dollars the bottom line. Just like Bush's
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B.C. proposes legislation to require oil, gas companies to disclose breakdown of fuel pricesThe reporting requirements are designed to ensure consumers know who is profiting at the pumps, as fuel prices have skyrocketed in B.C. in recent months globebusiness All BC government wants is to create chaos about gas stations profits, how about to disclose how much from each litre you collect in taxes and fees. Cause making $ of taxes and environmental fees is ok, but making profits for businesses isn’t! globebusiness Well, that would create another fee to the customer, cost disclosure administration fees 😛 globebusiness Provincial taxes, federal taxes, carbon taxes, fees and charges for importing oil from Saudi Arabia instead of Canadian oil.
Source: globeandmail - 🏆 5. / 92 Read more »
B.C. proposes law to force oil and gas companies to reveal how gas prices are setThe B.C. government has introduced legislation to force oil and gas companies to reveal to consumers how gas prices are set. What? Corruption in B.C.? *GASP* Join a co-operative like midislandcoop and get your share of gas profits back in your own pocket where it belongs eachforall Maybe they should also check on how the price of vehicles is set. New vehicle cost is out of control by dealerships. The price of a new vehicle is out of reach for most people.
Source: GlobalNational - 🏆 81. / 51 Read more »
B.C. proposes law to force oil and gas companies to reveal how gas prices are setThe B.C. government has introduced legislation to force oil and gas companies to reveal to consumers how gas prices are set. What? Corruption in B.C.? *GASP* Join a co-operative like midislandcoop and get your share of gas profits back in your own pocket where it belongs eachforall Maybe they should also check on how the price of vehicles is set. New vehicle cost is out of control by dealerships. The price of a new vehicle is out of reach for most people.
Source: GlobalNational - 🏆 81. / 51 Read more »
B.C. proposes legislation to require oil, gas companies to disclose breakdown of fuel pricesThe reporting requirements are designed to ensure consumers know who is profiting at the pumps, as fuel prices have skyrocketed in B.C. in recent months globebusiness All BC government wants is to create chaos about gas stations profits, how about to disclose how much from each litre you collect in taxes and fees. Cause making $ of taxes and environmental fees is ok, but making profits for businesses isn’t! globebusiness Well, that would create another fee to the customer, cost disclosure administration fees 😛 globebusiness Provincial taxes, federal taxes, carbon taxes, fees and charges for importing oil from Saudi Arabia instead of Canadian oil.
Source: globeandmail - 🏆 5. / 92 Read more »