Canada Global(Web News)Fuel taxes are adjusted quarterly based on the price of West Texas Intermediate (WTI) oil. Provincial fuel tax revenues help fund programs, services and infrastructure that depend on Albertans rely on it every day
Two years ago, the Government of Alberta introduced the Fuel Tax Relief Program to help Albertans facing higher prices at the fuel pump. The program has since saved drivers more than $2 billion and helped reduce inflation in the province.
“The Fuel Tax Relief Program is designed to save Albertans money when oil prices are high and provide essential government revenue when oil prices are low. Since oil prices averaged $80 per barrel during the most recent quarterly review period, are below the barrel, so the provincial fuel tax for gas and diesel will be 13 cents per liter starting April 1.
Provincial fuel tax revenue helps fund programs, services and infrastructure that Albertans rely on every day. In 2024-25, fuel tax revenue is forecast to be $1.4 billion, supporting everything from better roads to better health care and more classroom support to meet the needs of our growing population. Funding will help.
Albertans will continue to pay some of the lowest fuel prices in the country even after the fuel tax rate goes into effect. As of mid-March, gas prices in Alberta remained 11 cents below the national average and a full 22 cents below what they were in March 2022 when the government first announced the fuel tax relief program.
Albertans will continue to pay some of the lowest fuel prices in the country even after the fuel tax rate goes into effect. As of mid-March, gas prices in Alberta remained 11 cents below the national average and a full 22 cents below what they were in March 2022 when the government first announced the fuel tax relief program.
“The Government of Alberta is committed to following the rate schedule we set last year for the fuel tax relief program. When oil prices return, fuel tax rates will return. If oil prices above $79.99 per barrel, the program will restart and the fuel tax rate will decrease.
“We will continue to review fuel taxes on a quarterly basis and another update before the end of June. will provide.”
“We will continue to review fuel taxes on a quarterly basis and another update before the end of June. will provide.”
