Canada

Ford’s July 1 gas cut wouldn’t be very effective without the help of the federal government.

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According to experts, the good news for stressed drivers is that Ontario’s gasoline prices will be reduced for six months from July 1.

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The Dougford government announced in April that it would reduce the gas tax by 5.7 cents per liter and the fuel tax by 5.3 cents per liter for six months from Canada Day.

Dan McTigg, Canadian President for Affordable Energy, Sun This week, drivers can expect a 6.4 cent / liter drop in gasoline HST and a 6.2 cent / liter drop in diesel HST.

And if consumers are worried that they’ll be left behind by companies that are getting savings for themselves, McTigg said it doesn’t have to be a worry.

“Given the ability of people like me to call it offside, it’s very unlikely that retailers will put the difference in their pockets,” McTeague said. “Perhaps more importantly, if something goes wrong, the state can move quickly to fix it.

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“Alberta is a good example of what to expect. The state’s elimination of 13 cents of fuel sales tax (April 1st) has certainly seen savings passed on to drivers,” he said. I did.

McTeague’s site GasWizard.ca predicts future gas prices. He says it’s going to be more painful, despite the record heights we’ve already seen in the last few months.

“The short recession on the horizon, gas prices haven’t reached their dizzying highs this summer, and we expect prices to resume rising trekking soon in late July,” he said.

Despite pump prices rising about 70% compared to this time last year, the Canadian federal government has resisted calls for a reduction in federal gas taxes (GST, carbon prices, or federal excise taxes). ..

Former Liberal Party lawmaker McTigue believes it is a mistake.

“Consumer plight is not valued. Apart from the only (government) I know that prices have risen during a pandemic, they are committed to raising fuel-leading living costs. I’m out, “he said.

“Apparently, Toronto voters are happy with this and shouldn’t expect to be disappointed soon.”

Ford’s July 1 gas cut wouldn’t be very effective without the help of the federal government.

Source link Ford’s July 1 gas cut wouldn’t be very effective without the help of the federal government.

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