Finance
May 31, 2017

Temporary Gas Tax Reduced by 8.5 Cents Effective Tomorrow

Beginning tomorrow (Thursday, June 1), residents of the province will see an 8.5 cent per litre reduction in gas tax. As part of Budget 2017: Realizing Our Potential, the Provincial Government committed to reduce the temporary gas tax by 75 per cent by the end of the calendar year.

On December 1, 2017, the temporary gas tax will be reduced by a further four cents per litre, for a total reduction of 12.5 cents per litre by the end of the calendar year.

The remaining four cents of the temporary gas tax will be reviewed as part of the 2017 fall fiscal and economic update.

Quotes
“As a government, we committed to the people of Newfoundland and Labrador that we would review the gas tax and as soon as we had the ability to reduce this temporary tax we would do so. We are pleased to see the first reduction implemented tomorrow and look forward to residents and businesses seeing further relief on gas tax on December 1.”
Honourable Cathy Bennett
Minister of Finance and President of Treasury Board

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Learn More
Information related to Budget 2017 can be found online at www.gov.nl.ca/budget2017

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Media contact
Tansy Mundon
Finance
709-729-6830, 693-1865
tansymundon@gov.nl.ca

 

2017 05 31                                                    10:05 a.m.