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Quebec fuel retailers required to justify price increases

MONTREAL, Que. -- A bill tabled by the Quebec government yesterday would require fuel retailers to report and justi...


MONTREAL, Que. — A bill tabled by the Quebec government yesterday would require fuel retailers to report and justify every single increase in fuel prices.

The bill would require 4,000 service stations in the province to file a report the same day as a price hike, justifying the increase. Its a move that the oil and gas industry has criticized, complaining it will only increase bureaucracy and overhead for fuel retailers.

Companies that fail to comply would face heavy fines ranging from $10,000 to $50,000.

In the minutes that follow a price increase we want to know exactly why it happened, Natural Resources Minister Claude Bechard said during a press conference yesterday. Quebecers are able to understand that there are gas price increases. What they don’t want what they fail to understand are price hikes that are not justified.


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