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.
The floor price had been in place since the 1990s to protect small service stations from being undercut by larger players.
Get breaking National news
But the government says it hopes getting rid of it will boost competition and bring down prices.
- B.C. First Nations explore if nuclear power could meet province’s electricity needs
- Chinese EV issue part of U.S. trade talks, Mexico foreign secretary says
- Vancouver working to avoid ‘the great sigh’ following FIFA World Cup excitement
- Port of Vancouver expansion project referred to Canada’s Major Projects Office
The minimum price was officially axed on Saturday as part of a major energy bill passed at the provincial legislature.
Quebec has kept its cap-and-trade carbon pricing system that adds about 10 cents to the price of a litre of gasoline, and currently has among the highest gas prices in the country.
Comments
Want to discuss? Please read our Commenting Policy first.