Starting January 1st, 2023, The Alberta Government will be suspending the full provincial fuel tax. This means that Albertans will save 13 cents per litre on gasoline and diesel.
This suspension on the tax will be in effect for six months and will run until the end of June.
The President of Treasury Board and Minister of Finance Travis Toews says it could be significant savings for drivers in our province.
“These are meaningful savings that will have a real impact on Albertans’ finances. For example, 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."
Starting July 1st, 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.
According to the province, Albertans have saved about $850 million in tax savings since the fuel tax relief program was implemented in April of 2022.