Jul 01, 2022
By Steve Kee
Need to gas up today? You will see a price drop at the pumps.
Ontario’s gas tax will be cut by 5.7 cents per litre for six months starting today.
Legislation that passed this spring will also see the fuel tax, which covers diesel, cut by 5.3 cents per litre over the same period.
The government has said the tax cut will cost $645 million while it’s in effect.
Premier Doug Ford says he would consider extending the measure past Dec. 31 if inflation is still high at the time.
The changes come as Ontarians contend with sky-high prices hovering at close to $2 per litre across the province.
It’s expected to offer some relief to consumers but experts have said the impact of the tax cut may fluctuate due to external factors.