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Alberta set to fully reinstate 13-cent-per-litre gas tax after oil prices drop


Gasoline prices are expected to rise in Alberta next month as the provincial government fully reinstates its fuel tax following a drop in oil prices.

Finance Minister Nate Horner said the fuel tax on gasoline and diesel will be 13 cents per liter starting April 1, an increase of four cents.

Under the provincial fuel tax relief program, the tax may be suspended or reinstated partially or entirely, depending on oil prices.

Fuel tax rates are adjusted quarterly based on the average barrel price of benchmark West Texas Intermediate oil.

Horner says Albertans will continue to pay some of the lowest fuel prices in the country, even after the rate increase takes effect.

He says the tax rate will drop again if oil prices reach $80 a barrel or higher.

This report by The Canadian Press was first published March 21, 2024.

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