Quebec plans to remove floor price for gas in hopes of increasing competition

Quebec to eliminate floor price for gasoline, other fuels

While the elimination of the federal carbon tax elsewhere in the country has led to a drop in gas prices, Quebec is hoping the removal of a floor price on gasoline will lead to increased competition that will drive down pump prices in the province.

Quebec moves to ditch floor price on gasoline, make retail market more competitive

Quebec plans to remove the floor price on gasoline and other fuels. It says its goal is to encourage competition and, ultimately, ensure that consumers pay the best possible price at the pump.

The litre of gasoline on a $1 promotion ? Violent price wars between nearby gas stations ? This is what should be expected following the elimination of the floor price on gasoline. In the long term, however, it is a reduction in competition and an increase in pump prices that awaits Quebec motorists.

The CAA-Quebec association sees with a good eye the abolition of the estimated minimum price of gasoline in Quebec.

Quebec plans to remove floor price for gas in hopes of increasing competition

While the federal government’s removal of the carbon tax has lowered gas prices elsewhere in the country, Quebec is banking on increased competition to lower costs at the pump for Quebec drivers. “What we’ve seen is the gas prices have been going down elsewhere in Canada. And in Quebec, they decided to actually keep that […]

Gas prices: Quebec plans to remove floor pricing

The Quebec government says it plans to cut floor prices on gas in the province in order to 'encourage competition and, ultimately, ensure that consumers pay the best possible price at the pump.'