Pardy introduces legislation to reduce gas tax to zero

Finance Minister Craig Pardy introduced legislation in the House of Assembly on Thursday to reduce the provincial tax on gasoline and diesel to 0 cents per litre.

With the provincial tax currently sitting at 7.5 cents per litre for gasoline and 9.5 cents per litre for diesel, this legislative change will eliminate that tax.

Including Harmonized Sales Tax (HST), drivers of gasoline vehicles will save 8.625 cents per litre, while drivers of diesel vehicles save 10.925 cents per litre.

The Provincial Government will also establish a measure that keeps the provincial gasoline and diesel tax at zero for as long as oil prices remain above a specified threshold.