The British Columbia Utilities Commission (BCUC) is consulting with dealers of gas and diesel fuel in the province as part of a new retail data collection pilot program starting in November.
This pilot program will lead to the development of retail fuel regulations in the province.
BCUC will determine the process of selecting retail dealers and will receive regular fuel reports from those selected dealers.
BCUC will also be issuing a survey to all retail dealers to collect information about their retail fuel operations.
In June this year, BCUC announced it would be investigating high gas prices in Squamish and other communities in the province.
BCUC earlier conducted an inquiry into gasoline prices, which found a lack of competition and substantial markups in the gasoline market, including a 10% to 13% per-litre premium being charged to drivers that industry was unable to explain.
People in the province were paying an extra $490 million every year because of this commission.
Following the inquiry, the BC Government brought in the Fuel Price Transparency Act, giving the commission more power to collect and publish information on refined fuel imports and exports, fuel volumes at refineries and terminals, and wholesale and retail prices.
BCUC has also created a New Developments page to feature fuel pricing data for Squamish and other cities in BC.