moved for leave to introduce Bill C-347, an act to amend the Competition Act.
Madam Speaker, the purpose of this bill is to afford consumers protection against sudden, unexpected and unexplained increases in the retail price of gasoline by providing a set notice period in advance of any significant increase at the pumps.
The bill would not regulate gas prices or infringe on the ability of oil companies and retail gasoline distributors to conduct business. It would, however, provide consumers with the means to be made aware through the notification provision by the oil companies to the Minister of Industry within 30 days of the an impending increase in the price of gasoline over the 1 per cent current price, when the increase will take effect and the reason or reasons for the increase.
(Motions deemed adopted, bill read the first time and printed.)