HALIFAX, N.S. — Nova Scotia will regulate gasoline and diesel fuel prices, beginning July 1.
Service Nova Scotia Minister Richard Hurlburt said the responsibility for setting prices for fuel will be left to the province’s Utility and Review Board after a hearing process later this year.
Nova Scotia’s system will be based on the Prince Edward Island model, but will contain some adjustments.
Premier Rodney MacDonald cautioned that regulation won’t mean the end of high fuel prices, though they will do their best to keep prices at the same level as they are now.
Regulation will hold prices steady over two-week intervals and consumers will be told when they are about to change.
Nova Scotia becomes the last Atlantic province to regulate fuel prices. Hurlburt said the regulatory regime will be reviewed annually.
Truck News is Canada's leading trucking newspaper - news and information for trucking companies, owner/operators, truck drivers and logistics professionals working in the Canadian trucking industry. All posts by Truck News