Nova Scotia rejects forced sale of gas stations

Oct 27, 2004 02:00 AM

Nova Scotia has rejected the idea of forcing oil companies that own refineries to sell off their gas stations in the province, but the government said it may still push ahead with regulating prices at the pump.
Barry Barnet, minister of Service Nova Scotia and Municipal Affairs, said that a forced selloff, recommended by a provincial committee, could lead to higher prices and could hurt the business climate.

Mr Barnet said a decision on price regulation depends on whether Nova Scotians are concerned about the cost of gasoline, or price volatility. The government also accepted the recommendation that it encourage the federal Competition Bureau to continue investigating allegations of predatory pricing.
Independent gasoline retailers have complained in the past that when they drop their prices, major companies retaliate by driving prices down further.

Source: Halifax
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