Providing more relief at the pumps by cutting gas taxes
We know that prices on almost everything – from buying groceries to buying a home or renting – are rising across the country. And prices at the pumps are completely out of control.
Doug Ford and our PC team understands the significant impact of rising gasoline and fuel prices on Ontario businesses and families. That’s why during the election we promised to temporarily cut the gas tax by 5.7 cents per litre and the fuel tax by 5.3 cents per litre for six months, beginning July 1, 2022.
And that’s exactly what we’re doing.
Effective July 1 until December 31, 2022, the gas tax rate will be cut from 14.7 cents per litre to 9 cents per litre, representing a cut of 5.7 cents per litre. The fuel tax rate, which applies to diesel, will be reduced from 14.3 cents per litre to 9 cents per litre, representing a cut of 5.3 cents per litre. When combined with the 4.3 cents per litre savings from the elimination of the previous government’s cap and trade carbon tax, the reduction in provincial taxes and charges on gas totals 10 cents per litre.
Vehicle owners in Ontario would see significant direct savings from this proposed gas tax cut and the recently announced elimination of licence plate renewal fees, with households benefiting from an average combined savings of about $465 this year.
“It has never been more important to get it done and provide Ontarians with real relief,” said Doug Ford, MPP for Etobicoke North and Premier of Ontario. “This gas tax cut will provide more relief at the pumps for hardworking families and businesses and put more money back in their pockets, where it belongs.”
|From removing road tolls on Highway 412 and 418, to eliminating licence plate renewal fees and stickers, to providing tax relief for seniors, workers and families, Doug Ford and our PC team is keeping costs down for the people of Ontario.|