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Home - Petroleum Products - Benchmark Prices Calculation Example

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The information which is used to calculate benchmark prices is provided to the Board through a subscription service from Argus Media. As the Board is prohibited from releasing this information, the benchmark price calculation below does not contain actual data and is for illustrative purposes only.

Illustration of a Benchmark Price Calculation
Actual Platts daily data cannot be released by the Board
Argus Media Day of Data
Argus Media Daily Low (US cents / US Gallon
Argus Media Daily High (US cents / US Gallon)
Daily Average (US cents / US Gallon)
US Gallons to Litres (divide by 3.78541) (cents /litre)
Bank of Canada Exchange Rate
Argus Daily Average (converted to CAD cents /litre)
Running Average (CAD cents/litre)
Thursday
289.75
289.96
289.86
76.57
1.4125
108.16
108.16
Friday
296.45
296.85
296.65
78.37
1.4285
111.95
110.05
Monday
294.25
294.37
294.31
77.75
1.4354
111.60
110.57
Tuesday
290.65
290.95
290.80
76.82
1.4289
109.77
110.37
Wednesday
299.15
299.75
299.45
79.11
1.4255
112.77
110.85
Hypothetical Calculation of a Benchmark Price: 
110.85
 

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