Oil companies withhold info on retail, refining margins from B.C. gas price probe - Global News

As the fuel companies that supply B.C. submit their responses to a provincial gas price inquiry, several are refusing to share key data on their margins.The B.C. Utilities Commission (BCUC) has been tasked with probing the factors underlying B.C.’s high gas prices and establishing a “common set of facts” about the market.Story continues belowBut in submissions to the BCUC, Suncor Energy, Parkland Fuel Corporation, Husky Energy, Shell Canada and Imperial Oil say they can’t give the regulator details about their margins for reasons of confidentiality and “competitive sensitivity.”READ MORE: Should B.C. regulate the price of gas? Economist says it’s the antidote to oil industry ‘gouging’All five companies declined to provide data on their refining margins, while Suncor, Husky and Shell did not answer questions on retail margins — the metric that would illustrate the difference between wholesale and retail prices, after taxes.WATCH: A brief history of gas prices in B.C.

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July 04, 2019 at 08:27AM