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Federal pause on gasoline, diesel tax takes effect today, after Iran fuel price spike
Ottawa says drivers will save 10 cents per litre on regular gasoline as the temporary tax pause aims to offset higher energy costs.
- On Monday, Ottawa's temporary suspension of federal fuel excise taxes took effect, offering Canadians relief amid surging energy costs from global tensions.
- Prime Minister Mark Carney announced last week that the pause would last until Labour Day, citing rising costs as the war in Iran and Strait of Hormuz tensions drive global prices higher.
- Drivers will likely save 10 cents per litre on regular gasoline and four cents on Diesel, a measure The Liberals estimate will cost roughly $2.4 billion.
- Pump prices dropped sharply in Nova Scotia, where regular gasoline fell 11.5 cents to 167.2 cents per litre, while Diesel prices decreased 5.7 cents to 206.6 cents per litre.
- The Conservatives argue the pause is insufficient, calling for an extension until year-end and demanding an end to clean-fuel standards and the industrial carbon tax.
24 Articles
24 Articles
It is this Monday that the suspension of certain federal fuel taxes announced last week by the Prime Minister of Canada comes into effect.
Gas, diesel prices drop in N.S. after federal tax temporarily taken off
You can thank the federal government this morning as you fill up your tank. As of Monday, the federal excise tax on fuel has been removed, dropping prices sharply in Nova Scotia. At midnight, the provincial regular adjusted the minimum price per litre for regular self serve gasoline to 167.2 cents, a drop of 11.5 […]
The Toronto Star
Federal pause on gasoline, diesel tax takes effect today, after Iran fuel price spike
OTTAWA - Ottawa's temporary suspension of some fuel taxes kicks in today, with Canadians likely to save 10 cents per litre on regular gasoline, and four cents on a litre
Ottawa pauses fuel excise tax, driver hope for potential relief at the pumps
Drivers should see some relief at the pumps today as the federal government’s temporary suspension of the fuel excise tax on gasoline and diesel takes effect across Canada. The measure, announced last week by Prime Minister Mark Carney, removes the full federal excise tax on gasoline and diesel until Sept. 7. Ottawa says the change should lower the price of regular gasoline by about 10 cents a litre and diesel by about four cents a litre. The su…
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