The board that regulates fuel prices in the province is recommending an overhaul of how it arrives at those prices.

It’s all part of a review of that process ordered by the provincial government two years ago.

The review of pricing was in response to an outcry over sporadic and largely unexplained bumps and drops in fuel prices in different parts of the province.

And while the proposed changes won’t make gas or oil cheaper, they should make it clearer why prices change as much as they do, when they do.

To that end, the Public Utilities Board is recommending switching the source of its data, from Platts US to Argus Media, to align with Nova Scotia and New Brunswick.

The PUB says while that service is more expensive—about $20,000 US per year—it’s also more accurate and transparent on a five-day instead of seven-day average.

They also recommend moving the price adjustment day from Thursday to Friday, as is also done in the Maritimes.

References to stove oil could also be removed since, as far as the PUB knows, it’s not being used in the province.

The recommendations are part of the consultation document released today, which is available online, and which the public and other players will have their say on in the coming weeks.

All of that information will then go to the province for either adoption or rejection in the fall.

The deadline for input through formal presentations is July 15 while letters will be received until August 16.