On January 1, 2023, Alberta will be suspending the full provincial fuel tax for six months, according to the province.
"Albertans will save 13 cents per litre on gasoline and diesel from January to June," a provincial press release in late December stated.
President of Treasury Board and Minister of Finance Travis Toews said that while Alberta’s economy has recovered strongly, Albertans are still struggling to heat their homes and feed their families.
'We want to help. Reducing the cost of fuel benefits all Alberta drivers. It becomes more affordable to transport goods and products, to go to work and visit loved ones, to run errands and drive children to school," he said.
By the province's calculations, if you drive a pickup truck and fill up once a week, you’ll save about $440 on average in the next six months. If you drive a car or an SUV, you’ll save anywhere from $160 to just over $300.
On July 1, 2023, the program will return to the current system of providing fuel tax relief based on the price of West Texas Intermediate (WTI) oil. This system will then remain in place permanently.
The province says that since April 2022 when the fuel tax relief program was instated, Albertans have seen about $850 million in fuel tax savings.
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