Fuel Price Transparency Regulation now authorizes administrator to set and collect fees from fuel price reporters

Plain-language summary · AI-assisted

The Fuel Price Transparency Regulation has been amended to add a new Part 3 covering fees. The administrator—the body overseeing fuel price reporting—can now issue orders to set fees on "responsible persons" (those required to report fuel pricing data), specify how and when fees must be paid, and grant exemptions. Before setting fees for the first time, or whenever the fee-setting methodology changes, the administrator must hold a public hearing that allows affected parties to submit input. Unpaid fees attract interest calculated at 3 percentage points above the Province's principal banker's prime lending rate, compounded monthly on a quarterly reset schedule. Businesses and individuals who are required to report under the Fuel Price Transparency Act should monitor any upcoming administrator orders and hearings that could impose new fee obligations.

Who this affects
fuel price reporters (responsible persons under the Act) · fuel wholesalers and retailers required to report pricing data · fuel importers subject to reporting obligations