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the baseline. If the interrupter is not triggered on the interruption date, the current pump price will continue until the next price change the following
Thursday. In extreme circumstances, precipitated by a weather or perhaps a geopolitical event, a catastrophic interrupter could initiated whereby international product prices change by significant amounts, say ±15 cents per litre. This interrupter would be initiated on the day of the price change or the next day when rack prices in Nova Scotia would change.
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spot price from the last price change to the current date, will be calculated. If this new average NYMEX spot price changes by ±4 cents per litre over the last NYMEX spot price average, used to set the scheduled price change, the pump price may be adjusted using the new average NYMEX spot price as
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is based on a formula that will determine whether the market prices of fuels have changed enough to warrant a price change . This “interrupter” formula will run every second
Wednesday beginning 19 July 2006. For the interrupter formula to trigger a price change, a 5-day average
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wanted a system similar to Prince Edward Island for lower prices. The ones opposing this scheme argued that the PEI system not only keeps prices higher but it does not allow for competition. The lower gasoline prices are a result of PEI's not charging the
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as a benchmark in
Canadian funds. This plus a 6 cent per litre wholesale margin, plus a transportation allowance of 0.5 to 2 cents per litre, and a retail margin of 4 to 5.5 cents per litre (or to a maximum of 7.5 cents per litre for full-serve gasoline).
58:) 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 appearing before an all party committee on petroleum pricing, the Nova Scotia legislature passed Bill 79
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There is no notice of change in prices. Every Friday, prices may go up or down or stay the same, depending on the market price over the past 7 days.
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Many critics argue that this method of controlling the price of petroleum products is not in the public interest; these critics include the
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announced in May 2006 that petroleum prices will be regulated, beginning on 1 July 2006, two weeks following
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The transportation of the product is calculated based on six zones in Nova Scotia:
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Scheduled price changes occur every second
Thursday starting 13 July 2006. The
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15% of the total of the above (about 3 cents per 20 cents per litre)
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The price of gasoline and diesel fuel are based on the price on the
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Federal Excise Tax - 10 cents for
Gasoline 6 Cents for Diesel
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which governs the wholesale and minimum and maximum price of
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Report: Economics of the Nova Scotia
Gasoline Market
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312:Retail Gasoline Dealers Association of Nova Scotia
262:Retail Gasoline Dealers Association of Nova Scotia
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16:Petroleum price regulations in Nova Scotia, Canada
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297:Nova Scotia Utility and Review Board
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23:Average gasoline prices by country.
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518:Petroleum industry in Nova Scotia
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317:New Brunswick Gasoline Prices
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222:Interrupter and Price Changes
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273:of 15% is charged. In
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438:Northwest Territories
362:province or territory
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412:Prince Edward Island
271:Harmonized Sales Tax
267:Provincial Sales Tax
258:New Democratic Party
207:Harmonized Sales Tax
190:- 2 cents per litre.
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481:Canada portal
287:Petroleum Pricing
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161:Antigonish
370:Provinces
148:Zone 4 -
139:Shelburne
124:Annapolis
116:Lunenburg
114:Zone 2 -
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467:Category
387:Manitoba
260:and the
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135:Yarmouth
36:gasoline
443:Nunavut
407:Ontario
377:Alberta
50:History
417:Quebec
248:, the
214:Notice
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157:Pictou
143:Queens
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233:NYMEX
195:Taxes
131:Digby
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