Volume 46, No. 2 January 28, 2022

Part II Halifax, Nova Scotia Regulations under the Regulations Act Printed by the Queen’s Printer Contents Act Reg. No. Page Petroleum Products Pricing Act Prescribed Petroleum Products Prices . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2/2022 8 Prescribed Petroleum Products Prices . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3/2022 10 In force date of regulations: As of March 4, 2005*, the date a regulation comes into force is determined by subsection 3(6) of the Regulations Act.

The date a regulation is made, the date a regulation is approved, the date a regulation is filed and any date specified in a regulation are important to determine when the regulation is in force. *Date that subsections 3(6) and (7) and Sections 11 and 13 of the Regulations Act and amendments to the Regulations Act made by

Chapter 46 of the Acts of 2004 were proclaimed in force. © NS Office of the Registrar of Regulations. Web version. 7

N.S. Reg. 2/2022 Royal Gazette

Part II - Regulations Vol. 46, No. 2 N.S. Reg. 2/2022 Made: January 6, 2022 Filed: January 7, 2022 Prescribed Petroleum Products Prices Order dated January 6, 2022 made by the Nova Scotia Utility and Review Board pursuant to

Section 14 of the Petroleum Products Pricing Act and Sections 16 to 19 of the Petroleum Products Pricing Regulations Order In the matter of the Petroleum Products Pricing Act M10410 - and - In the matter of prescribing prices for petroleum products pursuant to

Section 14 of the Petroleum Products Pricing Act and Sections 16 to 19 of the Petroleum Products Pricing Regulations Before: Jennifer L. Nicholson, CPA, CA, Member

Whereas the purpose of the Petroleum Products Pricing Regulations is to ensure just and reasonable prices for specified petroleum products taking into consideration the objectives of preserving the availability of such products in rural areas, stabilizing prices of such products and minimizing the variances in prices of such products across the Province; And

whereas the Nova Scotia Utility and Review Board (“Board”) considered the manner in which it would proceed to set petroleum product prices in its decision, 2006 NSUARB 108, issued on October 16, 2006; And

whereas the Board revised the wholesale margin for self-service and full-service gasoline and diesel effective January 7, 2022, in its decision, 2021 NSUARB 146, issued on December 1, 2021, resulting in a total wholesale margin of 9.65 cents per litre for gasoline and a total wholesale margin of 10.65 cents per litre for diesel; And

whereas the Board revised the retail markup and the transportation allowance effective October 28, 2016, in its decision, 2016 NSUARB 168, issued on September 26, 2016, and on February 1, 2021, the Board issued an order in Matter M09727 approving an increase to the minimum self-service and full-service retail markup by 0.3 cpl and to the maximum self-service retail markup by 0.4 cpl, to a total for the minimum of 5.4 cpl, and for the maximum of 7.4 cpl; And

whereas in a decision dated April 15, 2021, in Matter 09727 (2021 NSUARB 50), the Board directed a process to consider a retail markup adjustment mechanism, applied monthly, to address ongoing Covid-19- related reduced sales volumes to ensure just and reasonable prices for petroleum products pending recovery from the pandemic, and on June 2, 2021, the Board issued an order approving the methodology for the monthly adjustment mechanism for gasoline and diesel. The Board issued an Order on November 26, 2021, ending the monthly adjustment for diesel effective Friday, December 3, 2021; And

whereas the average of the average of the daily high and low reported product prices (in Canadian cents) for the period ended January 5, 2022, are: Grade 1 Regular gasoline 77.76¢ per litre Ultra-low-sulfur diesel oil 80.89¢ per litre

Now therefore the Board prescribes the benchmark prices for petroleum products to be: © NS Office of the Registrar of Regulations. Web version. 8

N.S. Reg. 2/2022 Royal Gazette

Part II - Regulations Vol. 46, No. 2 Gasoline: Grade 1 77.76¢ per litre Grade 2 80.76¢ per litre Grade 3 83.76¢ per litre Ultra-low-sulfur diesel oil 80.89¢ per litre And

now therefore the Board has determined, based on historical data regarding price changes and to achieve revenue neutrality, it is appropriate to apply, and the Board so orders, forward averaging corrections of: Gasoline: plus 0.8¢ per litre Ultra-low-sulfur diesel oil: plus 1.0¢ per litre And

now therefore the Board orders that a monthly adjustment to the retail markup is required to account for the impact of the Covid-19 pandemic on current sales volumes, as follows: Gasoline: minimum self service and full-service: plus 0.4¢ per litre maximum self-service: plus 0.5¢ per litre And

whereas a winter blending adjustment of plus 4.73¢ per litre is required for ultra-low-sulfur diesel oil; And

now therefore the Board prescribes the prices for petroleum products as set forth in

Schedule “A” effective on and after 12:01 a.m., January 7, 2022. Dated at Halifax, Nova Scotia, this 6th day of January, 2022. sgd. Crystal Henwood Clerk of the Board

Schedule “A” Prices Prescribed for Petroleum Products under the Petroleum Products Pricing Act and the Petroleum Products Pricing Regulations effective on and after 12:01 a.m. on January 7, 2022 Nova Scotia Petroleum Price

Schedule Petroleum Prices in Cents/Litre Self-Service Full-Service Pump Prices Pump Prices (Pump Prices includes 15% HST) Base Wholesale Price Fed. Excise Tax Prov.

Tax Wholesale Selling Price Min Max Min Max Zone 1 Regular Unleaded 89.99 Mid-Grade Unleaded 92.99 Premium Unleaded 95.99 Ultra-Low-Sulfur Diesel 99.37 10.0 10.0 10.0 4.0 15.5 15.5 15.5 15.4 115.49 118.49 121.49 118.77 139.5 141.9 142.9 145.3 146.4 148.8 142.8 145.1 139.5 999.9 142.9 999.9 146.4 999.9 142.8 999.9 Zone 2 Regular Unleaded 90.49 Mid-Grade Unleaded 93.49 Premium Unleaded 96.49 Ultra-Low-Sulfur Diesel 99.87 10.0 10.0 10.0 4.0 15.5 15.5 15.5 15.4 115.99 118.99 121.99 119.27 140.1 142.5 143.5 145.9 147.0 149.4 143.4 145.7 140.1 999.9 143.5 999.9 147.0 999.9 143.4 999.9 © NS Office of the Registrar of Regulations.

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N.S. Reg. 2/2022 - 3/2022 Royal Gazette

Part II - Regulations Vol. 46, No. 2 Zone 3 Regular Unleaded 90.89 10.0 15.5 116.39 140.5 142.9 140.5 999.9 Mid-Grade Unleaded 93.89 10.0 15.5 119.39 144.0 146.4 144.0 999.9 Premium Unleaded 96.89 10.0 15.5 122.39 147.4 149.8 147.4 999.9 Ultra-Low-Sulfur Diesel 100.27 4.0 15.4 119.67 143.8 146.1 143.8 999.9 Zone 4 Regular Unleaded 90.99 10.0 15.5 116.49 140.6 143.0 140.6 999.9 Mid-Grade Unleaded 93.99 10.0 15.5 119.49 144.1 146.5 144.1 999.9 Premium Unleaded 96.99 10.0 15.5 122.49 147.5 149.9 147.5 999.9 Ultra-Low-Sulfur Diesel 100.37 4.0 15.4 119.77 143.9 146.2 143.9 999.9 Zone 5 Regular Unleaded 90.99 10.0 15.5 116.49 140.6 143.0 140.6 999.9 Mid-Grade Unleaded 93.99 10.0 15.5 119.49 144.1 146.5 144.1 999.9 Premium Unleaded 96.99 10.0 15.5 122.49 147.5 149.9 147.5 999.9 Ultra-Low-Sulfur Diesel 100.37 4.0 15.4 119.77 143.9 146.2 143.9 999.9 Zone 6 Regular Unleaded 91.69 10.0 15.5 117.19 141.4 143.9 141.4 999.9 Mid-Grade Unleaded 94.69 10.0 15.5 120.19 144.9 147.3 144.9 999.9 Premium Unleaded 97.69 10.0 15.5 123.19 148.3 150.8 148.3 999.9 Ultra-Low-Sulfur Diesel 101.07 4.0 15.4 120.47 144.8 147.1 144.8 999.9 N.S.

Reg. 3/2022 Made: January 13, 2022 Filed: January 14, 2022 Prescribed Petroleum Products Prices Order dated January 13, 2022 made by the Nova Scotia Utility and Review Board pursuant to

Section 14 of the Petroleum Products Pricing Act and Sections 16 to 19 of the Petroleum Products Pricing Regulations Decision and Order M10415 Nova Scotia Utility and Review Board In the matter of the Petroleum Products Pricing Act - and - In the matter of prescribing prices for petroleum products under

Section 14 of the Petroleum Products Pricing Act and Sections 16 to 19 of the Petroleum Products Pricing Regulations Before: Stephen McGrath, LL.B., Member Decision and Order Under S. 16 of the Petroleum Products Pricing Regulations, the Board must prescribe a benchmark price for specified petroleum products every Friday. The benchmark price prescribed by the Board is the average of the average of the daily high and low reported product prices (in Canadian cents) since the last benchmark price adjustment for the petroleum product. © NS Office of the Registrar of Regulations. Web version. 10

N.S. Reg. 3/2022 Royal Gazette

Part II - Regulations Vol. 46, No. 2 The Board must also prescribe retail mark-ups and calculate wholesale margins considering any factors the Board finds relevant, including transportation adjustments. The Board last set wholesale margins in its decision, 2021 NSUARB 146; retail mark-ups in its decision, 2021 NSUARB 50; and transportation adjustments in its decision, 2016 NSUARB 168. Following the Board’s recent retail mark-up decision (2021 NSUARB 50), it approved a monthly retail mark-up adjustment mechanism to address reduced sales volumes from the ongoing COVID-19 pandemic.

The adjustment mechanism was implemented by the Board for gasoline and diesel oil adjustments in an order dated June 2, 2021, but discontinued for diesel oil in an order dated November 26, 2021. At each price setting, the Board may apply a forward-averaging correction, based on historical prices, to achieve revenue neutrality. At appropriate times of the year, the Board may also require an additional margin for winter blending of ultra-low-sulfur diesel oil.

Based on the foregoing and other requirements in the Petroleum Products Pricing Act and regulations, the Board finds it appropriate to prescribe the benchmark prices and adjustments in Table “A,” the COVID-19 related retail mark-up adjustment for gasoline in Table “B,” and the prices for petroleum products in

Schedule “A” effective on and after 12:01 A.M. January 14, 2022: Table “A” (cents per litre) Petroleum Product Benchmark Price Forward Averaging (+/-) Winter Blending Gasoline (Grade 1) 78.95 +0.90 Gasoline (Grade 2) 81.95 Gasoline (Grade 3) 84.95 Ultra-Low-Sulfur Diesel Oil 84.58 +1.70 +4.58 Table “B” (cents per litre) COVID-19 Retail Mark-up Adjustment (Gasoline only) Minimum Self-Service and Full-Service +0.4 Maximum Self-Service +0.5 Dated at Halifax, Nova Scotia, this 13th day of January, 2022. sgd. Lisa Wallace Clerk of the Board © NS Office of the Registrar of Regulations. Web version. 11

N.S. Reg. 3/2022 Royal Gazette

Part II - Regulations Vol. 46, No. 2

Schedule “A” Prices Prescribed for Petroleum Products under the Petroleum Products Pricing Act and the Petroleum Products Pricing Regulations effective on and after 12:01 a.m. on January 14, 2022 Nova Scotia Petroleum Price

Schedule Petroleum Prices in Cents/Litre Self-Service Full-Service Pump Prices Pump Prices (Pump Prices includes 15% HST) Base Fed. Wholesale Prov.

Wholesale Excise Selling Tax Price Tax Price Min Max Min Max Zone 1 Regular Unleaded 91.28 10.0 15.5 116.78 141.0 143.4 141.0 999.9 Mid-Grade Unleaded 94.28 10.0 15.5 119.78 144.4 146.8 144.4 999.9 Premium Unleaded 97.28 10.0 15.5 122.78 147.9 150.3 147.9 999.9 Ultra-Low-Sulfur Diesel 103.61 4.0 15.4 123.01 147.7 150.0 147.7 999.9 Zone 2 Regular Unleaded 91.78 10.0 15.5 117.28 141.5 144.0 141.5 999.9 Mid-Grade Unleaded 94.78 10.0 15.5 120.28 145.0 147.4 145.0 999.9 Premium Unleaded 97.78 10.0 15.5 123.28 148.4 150.9 148.4 999.9 Ultra-Low-Sulfur Diesel 104.11 4.0 15.4 123.51 148.2 150.5 148.2 999.9 Zone 3 Regular Unleaded 92.18 10.0 15.5 117.68 142.0 144.4 142.0 999.9 Mid-Grade Unleaded 95.18 10.0 15.5 120.68 145.5 147.9 145.5 999.9 Premium Unleaded 98.18 10.0 15.5 123.68 148.9 151.3 148.9 999.9 Ultra-Low-Sulfur Diesel 104.51 4.0 15.4 123.91 148.7 151.0 148.7 999.9 Zone 4 Regular Unleaded 92.28 10.0 15.5 117.78 142.1 144.5 142.1 999.9 Mid-Grade Unleaded 95.28 10.0 15.5 120.78 145.6 148.0 145.6 999.9 Premium Unleaded 98.28 10.0 15.5 123.78 149.0 151.4 149.0 999.9 Ultra-Low-Sulfur Diesel 104.61 4.0 15.4 124.01 148.8 151.1 148.8 999.9 Zone 5 Regular Unleaded 92.28 10.0 15.5 117.78 142.1 144.5 142.1 999.9 Mid-Grade Unleaded 95.28 10.0 15.5 120.78 145.6 148.0 145.6 999.9 Premium Unleaded 98.28 10.0 15.5 123.78 149.0 151.4 149.0 999.9 Ultra-Low-Sulfur Diesel 104.61 4.0 15.4 124.01 148.8 151.1 148.8 999.9 Zone 6 Regular Unleaded 92.98 10.0 15.5 118.48 142.9 145.3 142.9 999.9 Mid-Grade Unleaded 95.98 10.0 15.5 121.48 146.4 148.8 146.4 999.9 Premium Unleaded 98.98 10.0 15.5 124.48 149.8 152.2 149.8 999.9 Ultra-Low-Sulfur Diesel 105.31 4.0 15.4 124.71 149.6 151.9 149.6 999.9 © NS Office of the Registrar of Regulations.

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