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Canada to temporarily suspend federal fuel tax on diesel and gasoline

Kitco Media
By Reuters
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Reuters
Canada to temporarily suspend federal fuel tax on diesel and gasoline teaser image

OTTAWA, April 14 (Reuters) - Canada will suspend the ​federal fuel excise tax ‌on gasoline and diesel from April 20 to ​September 7 to help ​consumers and businesses deal ⁠with rising prices, ​Prime Minister Mark Carney told ​reporters on Tuesday.

"(This) is a responsible measure that will ​reduce operating costs ​for truckers and businesses in the ‌food, ⁠agriculture, housing, construction, and delivery sectors," he said. The measure is ​expected ​to ⁠reduce the cost of regular gasoline ​hy 10 cents ​a ⁠liter and diesel by four cents a liter, ⁠he ​added.

(Reporting by ​David Ljunggren, editing by Maria Cheng)

((Reuters ​Ottawa bureau; david.ljunggren@tr.com, opens new tab))

Keywords: CANADA POLITICS/TAX

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