This website provides information about the factors that influence fuel prices in British Columbia (BC), as part of the Fuel Price Transparency Act (FPT Act). Based on your feedback, regular improvements and enhancements will be made to the website.
In the September FPT Act newsletter, the BCUC shares our findings from the Fuel Data Exploration Project #4 that monitored fuel pricing behaviours to explore whether fuel retailers were unfairly profiting from the period when market conditions were impacted by the conflict in eastern Europe.
As Administrator of the FPT Act, the BCUC tracks data on the factors that influence fuel prices in BC. Changes in retail pump prices in BC are largely driven by changes in key factors such as world crude oil prices, wholesale spot market prices in the Pacific Northwest (PNW), and local wholesale rack prices. We continue to monitor fuel prices and, in the event these key factors no longer align with retail pump prices, we will investigate the cause of any discrepancies.
By selecting a Fuel Type in the graph below, see how the price of crude oil compares to the PNW spot, local rack, and retail prices of gasoline or diesel, in a select city, over time.
At the end of September 2022, the BCUC observed a period in time where crude oil prices were decreasing while gasoline retail prices were increasing across the province. The BCUC asked select fuel wholesalers operating in the BC fuel market to explain why the province was experiencing a disconnect between crude oil prices and gasoline retail prices. View a summary of their responses here.
The British Columbia Utilities Commission (BCUC) is an independent agency of the Government of British Columbia. The BCUC regulates BC's energy utilities, the Insurance Corporation of BC's Basic automobile insurance rates, intra-provincial pipeline rates and the reliability of the electrical transmission grid. We are also responsible for administering BC's FPT Act.
As the Administrator of the FPT Act, the BCUC is responsible for collecting and publishing information about gasoline and diesel fuel activities in BC, in an effort to promote competitiveness, and public confidence in the competitiveness of the fuel market. The BCUC does not regulate fuel prices in BC.Learn more about the BCUC