By Zahir Muslun

Gasoline industry to face parliamentary committee

May 15, 2011 | 9:10 AM

Questions will be asked, representatives will be grilled, but prices won't be regulated.

With gas prices soaring, refiners, distributors, and retailers are being asked to appear before a parliamentary committee so they can explain the reasons for the higher costs.

Rosetown-Biggar MP Kelly Block notes this isn't first action the Harper government has taken on this issue.

“We did pass the 'Fairness At the Pump Act' to ensure that consumers are getting what they pay for when they fill up,” Block said. “We also expanded the powers of the commissioner of competition who actually broke up a significant price fixing cartel in Quebec last year.”

Block maintains the government will not be turning to price regulations.

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“Price regulations very rarely work out for the consumer, which is why we have focused on reducing taxes in other areas for Canadians.”

Block uses the two per cent reduction of the GST as an example.

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