Gas prices are set to rise in Alberta next month, with the provincial government fully reinstating its fuel tax following a drop in oil prices.
Finance Minister Nate Horner says the fuel tax for gas and diesel will be 13 cents per litre starting April 1, an increase of four cents.
Under the provincial Fuel Tax Relief Program, the tax can be paused or reinstated partially or in full, depending on oil prices.
Fuel tax rates are adjusted quarterly based on the average price per barrel of the benchmark West Texas Intermediate oil.
Horner says Albertans will continue to pay some of the lowest fuel prices in the country even after the increased rate takes effect.
He says the tax rate will drop back down if oil prices hit US$80 a barrel or higher.
This report by The Canadian Press was first published March 21, 2024.
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Vociferously fight the
Vociferously fight the federal carbon tax on one hand, institute a provincial fuel tax on the other. Stomp on affordable renewables while jacking prices on gas-fired electricity fourfold. All that effort deserves a gold medal in Olympian PR and contorted logic.
None of it will make a difference in the world's energy transition away from fossil fuels or the speed by which the floor will drop from beneath the provinces most dependent on carbon.
If Alberta is ill prepared for a transition it cannot possibly control in its export markets, then Canada must have an equitable response to the inevitable pleading for help from Canadian taxpayers.
Just say No.
Wating for Pierre Poilievre
Wating for Pierre Poilievre to start up a chorus of "Axe the tax!" . . . any minute now . . . (crickets)
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