Mr. Speaker, my question is directed to the Minister of Industry. Over the past few days gas stations across Canada have increased their prices by as much as 10 cents a litre without justification.
This is the sixth price increase in the last 11 months, representing more than a 25 per cent increase to consumers and a 40 per cent increase to oil companies' revenues after record profits last year. These increases will cost Canadians over $3 billion each year and will hurt business, agriculture and consumers, basically our entire economy.
Failing a voluntary rollback by the oil companies of these unfair increases, will the government act to protect consumers by rolling back these costly increases until a price review can be conducted to see if these price increases are justifiable?