en.Wedoany.com Reported - The Canadian government has announced the suspension of federal excise taxes on gasoline, diesel, and aviation fuel from April 20 to September 7 to address the pressure caused by recent oil price increases. This temporary measure is expected to reduce the price of regular gasoline by approximately 10 cents per liter and diesel by about 4 cents per liter.

The recent surge in oil prices is linked to the global situation, leading to an increase of over 40 cents per liter in Canadian fuel prices. Cutting the fuel excise tax will reduce government revenue by approximately $2.4 billion. Prime Minister Mark Carney stated, "To be clear, today's fuel excise tax cut is a responsible, temporary measure that aligns with the requirements of building a stronger economy, a more affordable economy, and sound fiscal management. When Canadians face financial pressure, they manage their expenses carefully, and they expect the government to do the same."

The Conservative opposition supports the removal of the federal fuel excise tax and has proposed further reductions in the GST and clean fuel charges on fuels until the end of the year, which could lower costs by up to 25 cents per liter. However, according to CTV News, this plan would be more costly, estimated at around $5.25 billion.

Other countries, such as Australia, have taken similar measures. The Australian federal government halved the fuel excise tax earlier this month, reducing it from 52.6 cents per liter to 26.3 cents per liter, leading to a significant drop in gas station prices.

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