BCUC launches website on how fuel prices are influenced

The British Columbia Utilities Commission (BCUC) developed a website to help the public understand how prices of gasoline and diesel are influenced in the province.

On Tuesday, BCUC launched GasPricesBC.ca, which allows the public to see how fuel prices are determined through collected data.

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People can customize information based on geography or price features to see different statistics in comparison to other cities in B.C. or across Canada on the website.

In addition, there is information on BCUC’s review of the province’s gas and diesel prices, B.C.’s Fuel Price Transparency (FPT) Act and factors that affect fuel prices in B.C.

BCUC will also be “responsible for collecting and publishing information about gasoline and diesel fuel activities in B.C., in an effort to promote competitiveness, and public confidence in the competitiveness of the fuel market,” according to a statement, adding that they are not the ones that regulate fuel prices in the province.

The BCUC is an independent agency of the Government of British Columbia that regulates the province’s energy utilities, ICBC insurance rates and more.

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