Advertisement

Quebec government scraps gasoline floor price to boost competition

Click to play video: 'How will removing floor pricing affect Quebec gas prices?'
How will removing floor pricing affect Quebec gas prices?
WATCH: How will removing floor pricing affect Quebec gas prices? – Apr 14, 2025

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 the day's top news, political, economic, and current affairs headlines, delivered to your inbox once a day.

Get daily National news

Get the day's top news, political, economic, and current affairs headlines, delivered to your inbox once a day.
By providing your email address, you have read and agree to Global News' Terms and Conditions and Privacy Policy.

But the government says it hopes getting rid of it will boost competition and bring down prices.

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.

Advertisement

Sponsored content

AdChoices