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"Counting All Dollars": Ontario's Gasoline Tax Cuts Bring Some Relief to Drivers

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Canadian Press

Canadian Press

Gas prices are displayed at a Petro Canada gasoline station in Ajax, Ont., March 7, 2022.
Gas prices will be shown at Petro-Canada Gas Station in Ajax, Ontario, March 7, 2022. Will be.Photo courtesy of Doug Ives/Canadian news agency

Ontario's gasoline tax is per liter It will be reduced by 5.7 cents. 6 months from today.

A law passed this spring will also reduce the fuel tax on diesel by 5.3 cents per liter over the same period.

The government says it will cost $ 645 million while the tax cut is in place.

Prime Minister Doug Ford said he would consider extending the bill after December 31st if inflation was still high at the time.

Changes occur as we fight the people of Ontario, who are hovering highs of nearly $ 2 per liter across Ontario.

Although it is expected to provide some relief to consumers, experts say the impact of tax cuts may vary due to external factors.

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