N.B. petroleum retailers urge new plan to replace expiring 8-cent fuel charge

Overview

Oil companies and fuel retailers in New Brunswick are urging regulators to create a replacement for the provincial 8-cent fuel charge that is set to expire on Monday. They appeared before the New Brunswick Energy and Utilities Board (EUB) to argue that some form of replacement is essential to maintain fair pricing and infrastructure stability.

Industry Concerns

Retailers explained that the current 8-cent-per-litre fee has helped cover operational costs and provided funds for fuel distribution and maintenance. Without a continuation or replacement of this charge, smaller retailers warn they could face mounting pressure due to thin profit margins.

“We are not asking for a windfall,” said one representative. “We simply need a framework that reflects today’s market realities and ensures business sustainability.”

Board Hearing Details

EUB members questioned industry representatives on the potential effects of removing the charge and asked for detailed financial projections. Companies highlighted inflation, transport costs, and increased environmental compliance fees as major challenges.

The hearing also touched on how a replacement plan could balance consumer protection and economic stability. Some proposals include converting the charge into a variable margin or linking it to wholesale fuel prices.

Public and Regulatory Impact

Consumer advocates argue that any continuation of the fee must be transparent and justified to avoid unnecessary price hikes at the pump. The board is expected to issue its decision soon after further review of submissions.

Author’s Summary

New Brunswick fuel retailers pressed regulators to introduce a replacement for the expiring 8-cent surcharge, citing cost pressures and the need for a balanced pricing framework.

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CBC.ca on MSN CBC.ca on MSN — 2025-11-28

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