Motorists May See Price Drop at the Pumps

Wednesday, 29 June 2022 05:15

By Noelle Sinclair

Province getting set to slash their portion of the gas tax

We might get a break at the pumps this weekend as the provincial government slashes its portion of the gas tax.

However one industry analyst is warning that the relief will likely be temporary.

The Ontario government is set to reduce its portion of the gas tax by 5.7 cents per litre for six months, beginning on Canada Day.

Canadians for Affordable Energy President Dan McTeague says the relief will likely only last a few weeks as he expects oil prices to go as high as $130 US a barrel this summer which will place continued upward pressure on gas prices.

More from Local News

Woman`s Body Found in Niagara Falls

Police say autopsy being done to confirm ID after found in waterway
Habitat for Humanity Building in Thorold

It's being done with donation and help from Centennial Homes
Police Target Trucks By-Passing Inspection

Residents complained of trucks in Lincoln
Bob Cole Dies at the Age of 90

Hockey fans listened to him deliver NHL games for decades
Suspect Sought After Cannabis Store Robbery

Update: Police release picture of suspect
Niagara Transit to Receive Gas Tax Money

This is from the Ontario government's plan to help 102 municipalities improve local transit
Local Power Company Upgrading Technology

Canadian Niagara Power wants to be ready should another storm such as in 2022 happen again
Police Called Concerning Armed Individual

Arrest made after police arrived in St. Catharines neighbourhood this afternoon

Motorists May See Price Drop at the Pumps

Share

More from Local News