Reference to the CFA’s Advocacy Update from June 9, 2022

A cut to Newfoundland and Labrador’s provincial gas tax has officially come into effect, temporarily lowering the price of gasoline and diesel across the province until 2023.

The province announced it would reduce the gas tax last week as a temporary measure to help residents with the rising cost of living.

The tax was reduced by seven cents per litre — from 14.5 cents to 7.5 cents for gas, and 16.5 to 9.5 cents for diesel. Thursday’s prices reflect the tax change, but are also impacted by changes to the average benchmarks prices used to calculate the price of fuel, according to the Public Utilities Board, which is the province’s fuel regulator.