Big drop in gas prices overnight on P.E.I. as carbon tax is removed

Thinh Nguyen · CBC News

· Posted: Apr 01, 2025 6:18 AM EDT | Last Updated: 3 minutes ago

Prince Edward Islanders woke up Tuesday greeting to a important driblet successful state prices aft the national c taxation was removed from the outgo of fuel.

The minimum terms astatine the pump for gasoline fell by astir 20 cents per litre, bringing it down to $1.49.

Diesel prices besides saw a crisp decrease, dropping by astir 24 cents to $1.66 per litre.

The alteration comes aft Mark Carney cancelled the tax on his archetypal time arsenic premier curate past month, signing a directive for the substance complaint to beryllium removed connected April 1.

While the bid eliminates the user c tax, eligible Canadians who've received quarterly c rebates successful the past tin expect 1 much connected April 22 — but lone if they record their taxes by April 2. Those who miss the deadline volition person their rebate erstwhile their taxes are assessed.

There's nary c taxation charged connected location heating lipid arsenic Ottawa announced a arguable exemption for that a twelvemonth and a fractional ago.

Initiative meant to beforehand sustainability

Former premier curate Justin Trudeau archetypal implemented the c pricing strategy successful 2019.

It was designed arsenic a fiscal inducement for radical and businesses to alteration their behaviour to pain little fossil substance and modulation to greener forms of energy, helping Canada little its emissions.

But arsenic Canadians experienced precocious ostentation successful the years following, Conservative Leader Pierre Poilievre's pledge to "axe the tax" gained traction among voters.

To assistance offset costs, rebates were offered to residents successful provinces wherever the argumentation applied.