Fuel Price Transparency Act
The Fuel Price Transparency Act will allow the B.C. Utilities Commission (BCUC) to collect information on refined fuel imports and exports, fuel volumes at refineries and terminals, as well as wholesale and retail prices. This information will be available to the public as well as consumer and watchdog groups. The BCUC found that there are considerable markups on the price of gas including a 10- to-13-cent-per-litre premium being charged to drivers that industry didn’t explain. This premium results in British Columbians paying an extra $490 million every year.