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A six-month reduction in Ontario's petrol and fuel taxes comes into effect today

Article author:

The Canadian Press

Canadian press

Ontario's gas tax will be reduced by 5.7 cents per liter for six months starting 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 cuts are 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 when Ontarians fight highs that are soaring near $ 2 per liter across the state.

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

This report by Canadian Press was first published on June 30, 2022.