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3 days ago · Gasoline & Diesel Prices & Zone Map. Disponible en français. Breakdown - Gasoline & Diesel Oil prices - as of the last pricing date (s) – Zone 1.
benchmark price for specified petroleum products every Friday. The benchmark price prescribed by the Board is the average of the average of the daily high and low reported product prices (in Canadian cents) since the last benchmark price adjustment for the petroleum product.
Current retail and wholesale prices for each zone are set weekly by the Utility and Review Board. Retailers and wholesalers may choose to sell gasoline or ultra low sulphur diesel for less than the minimum regulated price.
- 1 Fuel Price Update Synopsis
- 2 Fuel Prices
- 3 Impact of Fuel Prices on Reimbursement Rates
Corporate Fleet Services (CFS) has been mandated by the Treasury Board of Canada Secretariat to perform the Annual evaluation of per-kilometre Reimbursement Rates for government employees that are required to use their personal vehicles while performing government business. Furthermore, the periodic impact of varying fuel prices is to be evaluated ...
2.1 Energy Market Context
Over the past three months, global crude oil prices have been rising steadily, reaching their highest levels since 2014. Oil prices were at a three-month low on December 1st, 2021 when West Texas Intermediate (WTI) was at $65.57 USD per barrel and Brent stood at $68.87 USD per barrel. Since then, both have been on a relatively steady upward trend recording a period maximum on February 14th, 2022 with WTI reaching $95.46 USD per barrel and Brent $96.48 USD per barrel, an increase of 45.6% and...
2.2 Gasoline Prices Across Canada
After a significant decline between September and November of 2021, gasoline prices, similar to crude, have been on the rise since early December, reaching record levels by early February 2022. This rise in prices is quite unusual for winter months as winter-grade gasoline is less expensive to produce than summer-grade. This year however, other factors have played a more important role in the fuel price hike. The rising crude oil prices, diminishing inventories as well as a generally strong d...
2.3 Sales Taxes
For the current Update, research was performed to see if there were any relevant changes to Federal and Provincial sales taxes that could have an immediate impact on the Reimbursement Rates. As of the date of this Update, no changes were observed in sales taxes anywhere in Canada as compared to the previous Annual Report. Moreover, no changes are foreseen at this time for the immediate future.
3.1 Fuel Consumption
In calculating the fuel costs contribution to the total vehicle operating costs, the methodology employed in the Annual Report was strictly adhered to. Fuel consumption for every vehicle model in the study was thus combined with average prices per Province or Territory to determine the fuel portion of operating costs, based on an average of 20,000 kilometres per year.
3.2 Updated Reimbursement Rates
For comparison, the following table provides updated Travel and Commuting Rates, as well as rates previously calculated for the Annual Report (November 2021, for publication on January 1st, 2022): Current Fuel Update Reimbursement Schedule (in dollars per kilometre) Note: All figures were rounded up to the nearest half-cent. The impact of gasoline prices on the Reimbursement Rates was minimal for the present Fuel Update. In comparison with the Annual Report (November 2021, for publication on...
Mar 16, 2022 · (CBC) Nova Scotians who drive will be painfully familiar with fluctuating prices at the pumps which hit record highs in recent weeks before dipping again. The price spike has been partially...
Mar 11, 2022 · Gas prices in Nova Scotia dropped by about 10 cents on Saturday. Regular gasoline now ranges from 172.3 cents per litre in the Halifax area to 176.7 cents per litre in Cape Breton. Diesel...
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Oct 17, 2022 · Nova Scotia Power updated its fuel forecast in August, revealing the cost of fuel between 2022 and 2024 is $681 million higher than the amount in its rate application submitted earlier this...
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