Skip to main content

Prices climb at the pumps as provincial fuel tax partially returns

Alberta’s fuel tax has been partially reinstated to gas stations across the province, as oil dipped below $90 a barrel for West Texas Intermediate.

On Saturday, prices climbed 4.5 cents per litre, with stations in Calgary advertising regular fuel for $1.56 to $1.64 per litre.

Premier Jason Kenney says Alberta has it better than most provinces.

“On average, we are 16 cents lower than Saskatchewan, 28 cents lower than Manitoba and 62 cents lower than our West Coast friends in B.C.,” said Kenney.

Relief for the fuel tax came in April, when oil was trading around $120 per barrel.

With a significant drop in the price of oil, Kenney says the province needs to return the tax to stay out of debt.

“When the province started to benefit from much higher oil prices, we said Albertans should see some immediate benefit from that,” said Kenney.

“A $40 change in WTI is a $20-billion difference in our fiscal capacity. We don’t want Alberta to suddenly slip back into the red. We got out of deficits for the first time in 14 years and we’ve got to stay there.”

The remaining 8.5 cents will be added to the price of gas when oil is below $80 a barrel.

The fuel relief measures are analyzed quarterly, so the earliest it could return would be the end of the year, if oil drops even more. 

CTVNews.ca Top Stories

Ontario doctors disciplined over Israel-Gaza protests

A number of doctors are facing scrutiny for publicizing their opinions on the Israel-Hamas war. Critics say expressing their political views could impact patient care, while others say that it is being used as an excuse for censorship.

'No concessions' St-Onge says in $100M a year news deal with Google

The Canadian government has reached a deal with Google over the Online News Act that will see the tech giant pay $100 million annually to publishers, and continue to allow access to Canadian news content on its platform. This comes after Google had threatened to block news on its platform when the contentious new rules come into effect next month.

Hamas frees 10 Israeli women and children, 4 Thai nationals

Ten Israeli women and children and four Thai nationals held captive in Gaza were freed by Hamas, and Israel followed with the release of a group of Palestinian prisoners Thursday. It was the latest exchange of hostages for prisoners under a temporary ceasefire in the Gaza war. Two Russian-Israeli women were also freed by Hamas in a separate release.

opinion

opinion Don Martin: With Trudeau resignation fever rising, a Conservative nightmare appears

With speculation rising that Prime Minister Justin Trudeau will follow his father's footsteps in the snow to a pre-election resignation, political columnist Don Martin focuses on one Liberal cabinet minister who's emerging as leadership material -- and who stands out as a fresh-faced contrast to the often 'angry and abrasive' leader of the Conservatives.

Stay Connected