Alberta's Fuel Tax Relief Unlikely Despite Oil Price Surge
Edmonton News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Albertas Finance Minister Nate Horner discusses the impact of surging oil prices on the provinces fiscal plans. Despite West Texas Intermediate oil spiking to nearly $120 per barrel, the fuel tax relief program is unlikely to activate due to the current review period. The provinces fuel tax sits at 13 cents per liter for regular gas and 4 cents for diesel, causing drivers to feel the pinch at the pumps. The opposition affordability critic highlights the hardship of higher prices on everyday expenses, despite boosting oil industry revenues and provincial royalties. The province suspended the tax for six months in 2023 and plans the next review in June, monitoring global tensions before deciding on relief.
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