Ontario Premier Doug Ford’s government will introduce legislation Monday to reduce gasoline and motive fuel taxes, CBC News has learned.
A government source with knowledge of the plan told CBC News on Sunday that gasoline tax would be reduced by 5.7 cents per liter and fuel tax by 5.3 cents per litre. The source spoke to CBC News on condition of anonymity as she is not authorized to speak publicly.
The cuts would take effect July 1 for a six-month period and are part of the Ford government’s plan to cut costs for Ontario families and businesses.
The news was first reported by CP24 and CityNews.
The reduction would build on the provincial government’s announcement in 2018 to cut gas tax prices by 4.3 cents per litre. Combined with savings from the Ford government’s bill, the reduction in provincial gasoline taxes and fees will total 10 cents per litre.
This would be the first time Ontario has reduced the gas tax in over 30 years.