April 25, 2014 1:46 pm

N.S. government considering ending gas price regulation: McNeil

Ryan Remiorz/The Canadian Press

HALIFAX – Premier Stephen McNeil says his government is looking at deregulating gas prices in Nova Scotia.

In a transcript of comments to reporters provided by his office, McNeil says his government is considering ending regulated gas prices, a system that has been in place for eight years.

McNeil says such a move could happen as early as the fall, but he added that the government is not working under any deadline.

The cost of gas and diesel was regulated on July 1, 2006, with the intent of stabilizing but not necessarily preventing price hikes at the pumps.

Nova Scotia also regulated gas prices in the 1980s, but got rid of the restrictions in 1991.

McNeil’s comments come a day after he said he intends to ask Ottawa about removing Nova Scotia’s portion of the harmonized sales tax that is charged on top of the tax drivers pay for gas.

© The Canadian Press, 2014

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