Quebec government scraps gasoline floor price to boost competition

MONTREAL — 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.

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