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Petroleum pricing in Nova Scotia is based on the Petroleum Products Pricing Act which governs the wholesale and minimum and maximum price of gasoline and diesel fuels that are looking for annapolis royal and a ltr in Nova Scotia. In the spring ofsome consumers and an association representing some retailers the Retail Gasoline Dealers Association of Nova Scotia complained about the rising price of gasoline and diesel fuel, and the closure of rural gas stations due to low volumes and low margins.
Petroleum pricing in Nova Scotia is based on the Petroleum Products Pricing Act which governs the wholesale and looking for annapolis royal and a ltr and maximum price of gasoline and diesel fuels that are authorised in Nova Scotia. In the spring ofsome consumers and an association representing some retailers the Retail Gasoline Dealers Association of Roysl Scotia complained about the rising price of gasoline and diesel fuel, and the closure of rural gas stations due to low volumes and low margins.
After a year of not proclaiming it law, Rodney Annaoolisthe Premier of Nova Scotia announced in May that petroleum prices will be regulated, beginning on 1 Julytwo weeks following New Brunswick 's announcement of doing the same. The price of gasoline and diesel fuel are based on the price on the New York Mercantile Exchange as a benchmark in Canadian funds. This plus a 6 cent per litre wholesale margin, plus a transportation allowance of 0.
There is no notice of change in prices. Every Friday, prices may go up or andd or stay the same, depending on the market price over the past 7 days.
Scheduled price changes occur every second Thursday starting 13 July The interrupter is based annapo,is a formula that will determine whether the market prices of fuels have changed enough to warrant a price change. For the interrupter formula to trigger a price change, a 5-day average NYMEX spot price from the last price change to the current date, will be calculated.
If the interrupter is not triggered on the interruption date, the current pump price will continue until the next price change the following Thursday. This interrupter would be initiated on the day of the price change or the next day when rack prices in Nova Scotia would change.
Many critics argue that this method of controlling the price of petroleum products is looking for annapolis royal and a ltr in the public interest; rroyal critics include the Liberal Party of Nova Scotiathe Nova Scotia Chambers of Commerceand vocal critics, mainly in the Halifax Regional Municipalityfrom the public at large. The ones opposing this scheme argued that the PEI system not only keeps ltrr higher but it does not allow for competition.
In New Brunswickthe HST is also charged, but they set a maximum price for most of entire province no zones without setting a minimum price.
As a price comparison, on 1 Julythe same day Nova Scotia started its system, the maximum price in New Brunswick was Petroleum pricing in Canada by province or territory. Northwest Territories Nunavut Yukon. Namespaces Article Talk.
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