March 8, 2007

Ontario gasoline supply situation improves, Imperial Oil says

Calgary, Alberta – Imperial Nanticoke refinery operations in Hamilton, Ontario have continued to recover, and current production is close to 75 per cent of normal refinery output, says Imperial Oil. The refinery is expected to be back to full capacity by mid-March following a fire at the facility.

The company says that gasoline supply to wholesale and commercial customers has improved with the increase in refinery production, and that the retail service station network is being restocked and is expected to continue to improve over the next few weeks.

Diesel supply has also improved with increased refinery production; additional supply for the Ontario market has been secured from neighbouring markets, but the industry supply situation in the province remains very tight.

The Nanticoke fire, combined with an earlier fire in December at a facility in Sarnia, Ontario and a delivery delay due to a strike at CN Rail, meant that many Ontario stations have had no fuel or have rationed the amount sold to each customer. Petro-Canada and Shell also experienced shortages. Prices remain around $1.00 per litre in the province, up from about 84 cents in February.

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