CTA looking to new parliamentary committee to help answer fuel price questions
May 13, 2011
OTTAWA, Ont. -- The Canadian Trucking Alliance (CTA) has applauded a recent government decision that will see refiners, distributors and retailers to come to Ottawa to appear before a parliamentary committee and explain their pricing methods to...
OTTAWA, Ont. — The Canadian Trucking Alliance (CTA) has applauded a recent government decision that will see refiners, distributors and retailers to come to Ottawa to appear before a parliamentary committee and explain their pricing methods to Canadians.
“As the main user of diesel fuel in Canada, my members have a particular interest in hearing the statements made by the oil industry on the matter of pricing,” said CTA CEO David Bradley.
Diesel prices in Canada have been on the rise for the past two years, nearly reaching the all-time high set in 2008 this week. Retail prices for diesel have escalated by more than 27% over the past year. At the wholesale level (as measured by the average rack price) prices are up by over 30% during the same period.
Of particular interest to the trucking industry will be the answers by the oil and gas sector to the questions regarding the impact of the federal governments’ biodiesel mandate on pricing beginning this July, Bradley said.
“With limited access to domestic biodiesel feedstock, lack of blending facilities and the introduction of transportation challenges, the trucking industry has been kept in the dark regarding price impact on diesel fuel,” added Bradley. “Hopefully this process will shine the light on the true pricing impact of the July 1 mandate, and force members of parliament to come to grips that they will be exasperating an already difficult situation as it relates to diesel prices.”
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