US Edition
Quebec Scraps 28-Year Gas Floor Price; Impact on Savings Unclear
- Quebec abolished its 28-year-old floor price on gasoline on Saturday to reduce fuel costs across the province.
- The government revealed the elimination of the floor price in April following the federal government's decision to cancel the consumer carbon tax on April 1.
- The floor price had protected small stations from undercutting, and its removal could increase competition and fuel price variability.
- Gasoline at a downtown Montreal station was $1.56 per litre on Monday, while the government said it wants to give power back to consumers.
- The province expects the change to stimulate competition, but observers say consumers may not see immediate savings at the pump.
21 Articles
21 Articles
Sask Today
Quebec government scraps gasoline floor price to boost competition
MONTREAL — Quebec has abolished its floor price on gasoline in a bid to bring down costs at the pump. The Quebec government announced the measure in April after the federal government scrapped the consumer carbon tax.
Quebec scraps 28-year gas floor price; impact on savings unclear
After 28 years, Quebec has abolished the floor price on gasoline. The Legault government made the move on Monday — hoping it will lower gas prices in the province — but observers say consumers are unlikely to benefit at the pump. At a gas station on Sherbrooke Street and St-Laurent Boulevard in downtown Montreal, prices […]
TVA Nouvelles
Le Journal de QuebecConsumers will have a more free and transparent market, according to the government.
In effect since Saturday, this measure is part of Minister Fréchette's energy reform.
Coverage Details
Bias Distribution
- 88% of the sources lean Left
To view factuality data please Upgrade to Premium
Ownership
To view ownership data please Upgrade to Vantage
