An association representing convenience stores in Atlantic Canada has asked the Energy and Utilities Board to review the profit margin on the sale of gasoline in the province.
Atlantic Convenience Stores Association president Mike Hammoud says many store owners who sell gas are “getting squeezed.” Hammoud says costs including wages are rising while wholesale and retail margins on gasoline haven’t increased since the province began price regulations in July 2006.
The board reviewed the margins in 2008 but didn’t approve an increase.
The association is asking the E-U-B conduct a review of maximum margins, maximum delivery costs and the maximum full-service charge to ensure they are justified under the Petroleum Products Pricing Act.
The Canadian Independent Petroleum Marketing Association is also supporting the request for a review of an increase in the gasoline margin.
