Kamloops, Okanagan gas prices up, hydro down today | iNFOnews | Thompson-Okanagan's News Source

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Vernon News

Kamloops, Okanagan gas prices up, hydro down today

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As of today, April 1, most British Columbians will be paying more at the pump but less when they flick on a light switch.

The B.C. government increased its carbon tax on fuel April 1, to $50 per tonne of greenhouse gases up from $45 per tonne. The price hike will add another 2.2 cents to the cost of a litre of gasoline.

However, where a person lives in the province is likely to be a much bigger indicator of how much a person pays at the pump.

According to Gasbuddy.com Vernon currently has some of the least expensive fuel in the province with the Super Save on 32 Avenue costing motorists $173.9 a litre.

Forty-five minutes north of Vernon in Salmon Arm, a litre of gas from Super Save will set you back $178.9.

Head to Kelowna and the cheapest gas you'll find is $179.9 at the Canco on Highway 33. Head further south towards Peachland and gas will set you back $185 a litre.

Meanwhile B.C. Hydro has reduced the cost of electricity by 1.4 per cent.

B.C. Hydro says the move is part of a three-year rate application that if approved by the B.C. Utilities Commission will have the lowest rate increases in the province in the past 15 years.

"Affordability is our government’s top priority, and we continue to work with B.C. Hydro to keep electricity rates competitive and affordable for British Columbians," Energy Minister Bruce Ralston said in a media release. "In the B.C. Hydro Review, we identified several recommendations to ensure British Columbians have access to tools to help keep their bills low, and we’re actively implementing those recommendations."

While the cost of Hydro is set to reduce this year, it's scheduled to increase by two per cent in 2023 and 2.7 per cent in 2024.

READ MORE: 'No simple solution' to gas prices; B.C. has no tax reduction plans: Farnworth

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