Alberta set to fully reinstate gas tax of 13 cents a litre after drop in oil prices
Gas prices are set to rise in Alberta next month, with the provincial government fully reinstating its fuel tax following a drop in oil prices.
Finance Minister Nate Horner says the fuel tax for gas and diesel will be 13 cents per litre starting April 1, an increase of four cents.
Under the provincial Fuel Tax Relief Program, the tax can be paused or reinstated partially or in full, depending on oil prices.
Fuel tax rates are adjusted quarterly based on the average price per barrel of the benchmark West Texas Intermediate oil.
Horner says Albertans will continue to pay some of the lowest fuel prices in the country even after the increased rate takes effect.
He says the tax rate will drop back down if oil prices hit US$80 a barrel or higher.
This report by The Canadian Press was first published March 21, 2024.
CTVNews.ca Top Stories
Cisco reveals security breach, warns of state-sponsored spy campaign
State-sponsored actors targeted security devices used by governments around the world, according to technology firm Cisco Systems, which said the network devices are coveted intrusion points by spies.
Student anti-war protesters dig in as faculties condemn university leadership over calling police
Students protesting the Israel-Hamas war at at universities across U.S., some of whom have clashed with police in riot gear, dug in Saturday and vowed to keep their demonstrations going, while several school faculties condemned university presidents who have called in law enforcement to remove protesters.
opinion RFK Jr.'s presidential candidacy and its potential threat to Biden and Trump
Although it's still unclear how much damage Robert F. Kennedy Jr.'s candidacy can do to either Joe Biden or Donald Trump this election, Washington political columnist Eric Ham says what is clear is both sides recognize the potential threat.
'The world is too messy for bureaucratic hurdles': Canada still bars Afghanistan aid
Ottawa has plans to finally stop blocking Canadian development aid to Afghanistan this year.
Toxic testing standoff: Family leaves house over air quality
A Sherwood Park family says their new house is uninhabitable. The McNaughton's say they were forced to leave the house after living there for only a week because contaminants inside made it difficult to breathe.
I just don't get Taylor Swift
It's one thing to say you like Taylor Swift and her music, but don't blame CNN's AJ Willingham's when she says she just 'oesn't get' the global phenomenom.
More than 115 cases of eye damage reported in Ontario after solar eclipse
More than 115 people who viewed the solar eclipse in Ontario earlier this month experienced eye damage after the event, according to eye doctors in the province.
Hamas is reviewing an Israeli proposal for a ceasefire in Gaza, as possible Rafah offensive looms
Hamas said Saturday it was reviewing a new Israeli proposal for a ceasefire in Gaza, as Egypt intensified efforts to broker a deal to end the months-long war and stave off a possible Israeli ground offensive into the southern Gaza city of Rafah.
Russia renews attacks on the Ukrainian energy sector as Kyiv launches drones at southern Russia
Russia launched a barrage of missiles against Ukraine overnight, in attacks that appeared to target the country's energy infrastructure. Meanwhile, Russia said its air defense systems had intercepted more than 60 Ukrainian drones over the southern Krasnodar region.