Advertisement

Ontario government moves to extend 5.7 cent gas tax cut to June 2025

Click to play video: 'Ontario announces extension for gas tax cut amid speculation of an early election'
Ontario announces extension for gas tax cut amid speculation of an early election
WATCH: Ontario announces extension for gas tax cut amid speculation of an early election – Oct 27, 2024

Ontario is moving to extend a 5.7-cent cut to the provincial gas tax until next summer.

Premier Doug Ford says his government will soon put forward legislation that, if passed, will keep the tax at nine cents per litre until June 30.

The legislation would also extend the 5.3-cent cut to the price of diesel fuel.

Click to play video: '‘People are finding it tough’: Ford says gas tax extension will make life more affordable'
‘People are finding it tough’: Ford says gas tax extension will make life more affordable

The province first temporarily slashed the gasoline and diesel tax rates in July 2022 but have repeatedly extended the cuts since.

Story continues below advertisement

Ford estimates the succession of moves will help the average Ontario household save $380 over the three years since the cuts were first introduced.

He also used the extension announcement to call on the federal government to eliminate the federal carbon tax, which Ford has long railed against.

Sponsored content

AdChoices