Question: 6
Where does the Board get its pricing information?
The Board is required by legislation to use the pricing benchmarks set out in the regulations. Daily published data for the benchmarks for gasoline and diesel motor fuels and furnace and stove oil heating fuels is sourced, by subscription, from Platts US Marketscan, an internationally recognized, used and accepted source for fuel-pricing information. Propane data is received weekly from Oil Price Information Service based on the Sarnia propane rack price in Ontario. The information contained in the subscriptions is proprietary and the Board is prohibited from releasing this information.
The benchmark sources can be found below
Benchmark Sources and Blending Methodology |
Product |
Reporting Data Source |
Product Price Assessment |
Blend Methodology |
Winter Blend |
Spring Blend |
Regular
Gasoline |
Platts US MarketScan |
New York Harbor UNL 87 (Cargo) |
100% UNL 87 Year Round |
Diesel Motor
Fuel (Island) |
Platts US MarketScan |
New York Harbor ULSD (Barge)
New York Harbor ULSK (Barge) |
25% ULSD
75% ULSK |
100% ULSD |
Diesel Motor Fuel (Labrador, except
zones 13 and 13a) |
Platts US MarketScan |
New York Harbor ULSK (Barge) |
100% ULSK Year Round |
Furnace Oil
Heating Fuel |
Platts US MarketScan |
New York Harbor ULSD (Barge)
New York Harbor ULSK (Barge) |
25% ULSD
75% ULSK |
100% ULSD |
Stove Oil
Heating Fuel (Island) |
Platts US MarketScan |
New York Harbor ULSD (Barge) |
100% ULSD Year Round |
Stove Oil
Heating Fuel (Lab) |
Platts US MarketScan |
New York Harbor ULSK (Barge) |
100% ULSK Year Round |
Propane
Heating Fuel |
Oil Price Information Service |
Sarnia Propane (Weekly Average) |
Sarnia Propane Price Year Round |
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