Gas prices fall putting Doug Ford halfway to his 10 cent drop promise
September 18, 2018
Gasbuddy.com's Dan McTeague is giving credit to Premier Doug Ford for part of the drop.
He tells NEWSTALK 1010 that refiners stopped passing along the 4.6 cents a litre cost of Ontario's cap and trade program on September 7th.
That means Ford is almost halfway to his promise of cutting the cost of gas by 10 cents a litre.
The difference could be made up as early as next year when Ford introduces next year's budget.
From what I gather on other articles, the 4.6c/L quoted here is the 4.3c with HST factored in.
Motor fuel prices - Get current pricing for unleaded gas, diesel, auto propane and other types of fuel.
July 03, 2018
Companies that produce and import fuel paid the cap-and-trade carbon tax. The cost of this tax was about 4.3 cents per litre. As a result, you paid more at the pump.
On July 3, 2018, we cancelled this tax and have helped lower the costs at the pump to give real relief to families.
Doug Ford will Cut Gas Taxes by Ten Cents Per Litre
Ontario PC Press Release
May 16, 2018
Canceling cap and trade means families will save, on average, $285 immediately. This means taxpayers will save an extra 4.3 cents per litre at the pump.
Ontario PCs will also reduce the provincial fuel tax for both gasoline and diesel to 9 cents per litre from the current 14.7 cents per litre for gasoline
Just noting this here that the expectation is 4.3 cents from the Cap & Trade repeal, and a further 5.7 cents reduction in the general gas tax, for a total of 10 cents.