Alberta’s 13-cent-per-litre provincial fuel tax is being suspended for now, amid soaring gas prices across the country.
Premier Jason Kenney says this will be the case so long as the price of Western Texas Intermediate stays over $90US.
Kenney made the announcement along with Finance Minister Travis Toews and Transportation Minister Rajan Sawhney on Friday, April 1.
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“Alberta’s government is pleased to implement a measure that will provide real economic relief to Alberta families and businesses alike,” Kenney said.
The United Conservative Party (UCP) says the government will see about $100 million less in fuel tax revenue for each of the first three months, and will revisit the plan in July.
Along with the fuel tax suspension, the UCP says it’s providing a $150 rebate on power bills for those affected by high costs, as well as a natural gas relief program. The province says more information will be announced on these in the coming weeks.
More to come.
