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Quebec removes fuel price floor, aiming to lower costs, but experts doubt its effectiveness.
Christine Fréchette, Quebec's Economy Minister, announced the province will withdraw its floor price on gasoline and other fuels, a measure in place since the 1990s.
The move aims to boost competition and potentially lower prices, but experts argue this change is largely symbolic and unlikely to reduce costs at the pump.
Most gas stations already charge higher than the minimum price, and the removal of the floor price could lead to price wars, potentially harming smaller retailers and pushing prices up in the long run.
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Quebec elimina el precio mínimo del combustible, con el objetivo de reducir los costos, pero los expertos dudan de su efectividad.