Beginning April 1, Alberta’s Premier Jason Kenney says the provincial 13-cent per litre fuel tax will be removed from the price of gasoline and diesel.
The pause in tax collection will apply to gasoline and diesel fuel. The change also will apply to the four-cent per litre provincial fuel tax on marked (dyed) gasoline and diesel.
Kenney shared the tax will be removed on a sliding scale. When WTI oil is over US$90 per barrel, the tax will be removed. When the price drops below US$80 per barrel, the tax will be in “full effect.”
The initiative will be put in place for the entirety of the 2022-23 fiscal year, but will be reassessed on July 1 and every quarter after that. It will also be reassessed before the government’s next budget.
The province is also introducing an electricity rebate–a $150 electricity rebate to help Albertans with the high power bills they encountered this winter.
According to Associate Minister of Natural Gas and Electricity Dale Nally, nearly two million Alberta families, farms and small businesses will receive three $50 rebates designed to retroactively target bills from January, February and March.