Gas Regulation Review Released

A two-year review of gas regulation indicates that gas prices are more stable and predictable, rural gas stations are more protected and regional gas price differences are minimal.

The report, released today, Nov. 27, by Service Nova Scotia and Municipal Relations Minister Jamie Muir, was conducted by independent consultant Gardner Pinfold to assess if gas regulation is meeting its objectives.

The report indicates that the number of price changes has been reduced and consumers know when price changes will occur. The report also shows that the number of rural retail gas station closures has reduced dramatically, and regulation helped mitigate regional gas price differences.

The report contains thirteen recommendations. Service Nova Scotia and Municipal Relations is reviewing the findings and recommendations.

Gas regulation has been in place in Nova Scotia since July 1, 2006.

The report can be found online at www.gov.ns.ca/snsmr/petroleum/pdf/GasReview_11-2008.pdf.