“Two years ago, the Government of Alberta introduced the fuel tax relief program to help Albertans facing high prices at fuel pumps. Since then, the program has saved drivers more than $2 billion and helped slow the rise of inflation in our province.
“The fuel tax relief program is designed to save Albertans money when oil prices are high and bring in needed government revenue when oil prices drop. Since oil prices averaged below $80 per barrel during the most recent quarterly review period, the provincial fuel tax for gas and diesel will be 13 cents per litre starting April 1.
“Revenue from the provincial fuel tax helps fund the programs, services and infrastructure Albertans rely on every day. In 2024-25, fuel tax revenue is forecast at $1.4 billion, which will help fund everything from better roads to improved health care and more supports in the classroom to continue to meet the needs of our growing population.
“Albertans will continue to pay some of the lowest fuel prices in the country even after the fuel tax rate takes effect. As of mid-March, gas prices in Alberta remained 11 cents below the national average and were a full 22 cents lower than when we first announced the fuel tax relief program in March 2022.
“Alberta’s government is committed to following through with the rate schedule we laid out for the fuel tax relief program last year. When oil prices go back up, the fuel tax rate will come back down. If oil prices rise above $79.99 per barrel, the program will kick back in and the fuel tax rate will drop.
“We will continue to review the fuel tax on a quarterly basis and provide another update before the end of June.”