Robert: Provincial Government extends gas tax reduction to March 2024

The Government of Newfoundland and Labrador has announced a further extension to the reduction of the provincial tax on the price of gasoline and diesel. The reduction will maintain an 8.05 cents per litre discount at the pumps until March 31, 2024.

“Our government recognizes the challenges Newfoundlanders and Labradorians face due to the global pressures causing a high cost of living,” said Premier Andrew Furey. “We continue to make responsible investments in the programs and services Newfoundlanders and Labradorians rely on, while also paying down debt and saving for the future.

Deputy Premier and Minister of Finance Siobhan Coady added, “The extension of the gasoline tax reduction is one of many ways we are helping residents at this time. Budget 2023, to be delivered on March 23, will continue to build on measures focused on the health of our province, including our financial health.”

The initial reduction to the provincial tax on the overall price of gas and diesel was announced in 2022 and was set to expire on January 1st, 2023. It was later extended to March 31st, 2023.