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Selected Crude Oil Prices July 2022 (Canadian dollars per cubic metre) Note: No prices are reported on weekends and American statutory holidays.
Selected Crude Oil Prices February 2022 (Canadian dollars per cubic metre) Note: No prices are reported on weekends and American statutory holidays. Report a problem on this page. Date modified: 2022-03-07. Date Exchange Rate WTI Cushing Brent Sullom Voe, UK.
Selected Crude Oil Prices October 2022 (Canadian dollars per cubic metre) Note: No prices are reported on weekends and American statutory holidays. Did you find what you were looking for? Date modified: 2022-11-18. Date Exchange Rate WTI Cushing Brent.
Western Canadian Select (WCS) is a specific crude oil product used as a benchmark for most Western Canadian crude oil blends. WCS is a heavy sour blend of bitumen blended with synthetic sweet crude and condensate.
- 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...
Jan 18, 2023 · Excluding energy and petroleum products, prices of products sold by manufacturers in Canada were up 8.4% in 2022, the second highest increase on record since the inception of that category in 1980, surpassed by 2021 (+11.5%). Prices for food products made by manufacturers in Canada rose in 2022.
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These fees are for Canadians submitting and mailing passport applications in Canada. Passport type. CAN$. 5-year adult passport (age 16 or over) 120. 10-year adult passport (age 16 or over) 160. Child passport (0 to 15 years of age) 57.
