In a press release issued Monday morning, the county said that if approved, the gas tax would be reduced by 5.7 cents per liter and the fuel tax by 5.3 cents per liter over a six-month period from July 1. . “Ongoing supply chain challenges and geopolitical conflicts are increasing the cost of living from gas to grocery stores,” said Finance Minister Peter Bethlenfalvy. “With these additional pressures, families and businesses need extra help to keep costs down. That’s why our government is proposing legislation to provide tax breaks on pumps and refunds to their pockets.” people. “ The announcement comes as pump prices rise across Canada as Ontario prepares for a spring election campaign. In the 2018 provincial elections, Prime Minister Doug Ford promised to reduce gas prices by 10 cents per liter by reducing the provincial gas tax and abolishing Ontario’s cap and trading system. The government ended the ceiling and trade – a move aimed at lowering prices by 4.3 cents – but that pushed the federal carbon tax backstop to begin, canceling these economies. This will be the first time Ontario has cut its gas tax in more than 30 years.
