New Brunswick gasoline prices tumble to 3-year low

Robert Jones · CBC News

· Posted: Apr 01, 2025 3:53 PM EDT | Last Updated: 18 minutes ago

Fuel prices crossed astir Canadian provinces — including New Brunswick — tumbled Tuesday morning, ending six years of national c carbon charges connected fossil fuels sold astatine retail.

New Brunswick's Energy and Utilities Board lowered the maximum terms that tin beryllium charged for gasoline successful the state by 20.2 cents to $1.44 per litre.

The reductions included a 17.6 cent elimination of each c charges and 2.6 cents successful HST attached to that. The operation is capable to prevention $10.10 connected a 50-litre fill-up.

It's the lowest terms mounting successful New Brunswick since January 2022. 

Maximum prices for diesel, which contains much c than gasoline and carried a higher c complaint due to the fact that of that, were lowered 24.6 cents.

The alteration was causing brisk concern astatine work stations crossed the state among those who knew it was coming, but the simplification is not a axenic discount. 

University of Alberta economist Andrew Leach told CBC News the cheaper prices volition beryllium followed by the extremity of national c rebates and that volition outgo galore Canadian households more than they gain.

"So you instrumentality distant the c price, you instrumentality distant the rebates, past that's a nett antagonistic for astir lower-income households and a nett affirmative for astir higher income households," Leach said.

In New Brunswick implicit the past year, national c rebates totalled $760 for a household of 4 successful municipality areas and $912 for those surviving successful agrarian areas.

Also ending are c charges connected different fossil fuels including propane and earthy gas. About 7,500 New Brunswick households vigor with natural gas and connected mean volition prevention astir $270 implicit the adjacent twelvemonth with the change.