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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 Platts US Marketscan. 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
Platts Day
of Data
Platts Daily Low
cents/US Gallon
Platts Daily High
cents/US Gallon
Daily Average
cents/US Gallon
US Gallons to Litres
(divide by 3.78541) cents/Litre
Bank of Canada Exchange Rate
Platts Daily Average Converted to
CAD¢ / Litre
Running Average CAD¢ / Litre
Wednesday
289.75
289.85
289.8
76.56
1.2512
95.79
95.79
Thursday
296.45
296.55
296.5
78.33
1.272
99.63
97.71
Friday
294.25
294.35
294.3
77.75
1.2545
97.53
97.65
Saturday*
294.25
294.35
294.3
77.75
1.2545
97.53
97.62
Sunday*
294.25
294.35
294.3
77.75
1.2545
97.53
97.60
Monday
290.65
290.75
290.7
76.79
1.2617
96.89
97.48
Tuesday
299.15
299.25
299.2
79.04
1.2624
99.78
97.81
Hypothetical Calculation of a Benchmark Price: 
97.81
*Friday data is used as a proxy for Saturday and Sunday as there is no reported data. 		 

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