Canada - Carbon Tax Set to Increase by 3.3 Cents Per Litre on April 1, 2024
Canada's carbon tax is scheduled to increase from $80 to $95 per tonne of CO2 emissions on April 1, 2024. This will result in a price hike of approximately 3.3 cents per litre at the gas pump.
Key details:
- For gasoline, the carbon tax will increase from 14.31 to 17.61 cents per litre
- For diesel, the carbon tax will rise from 17.38 to 21.39 cents per litre
- Natural gas for home heating will increase by 3 cents, from 12 cents to 15 cents per cubic metre
A recent poll suggests nearly 7 in 10 Canadians oppose the upcoming increase amid affordability concerns. However, the federal government is moving ahead with the scheduled hike, saying it's necessary to reduce emissions.
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