The Manitoba government has announced an extension of the gas tax holiday until the end of the calendar year, Premier Wab Kinew revealed today. This decision aims to provide continued financial relief to Manitobans amid ongoing economic challenges.
“Since we cut the gas tax in January, inflation has gone down in Manitoba,” said Premier Kinew. “This is what governments are for. We know Manitobans are still struggling with the impact of interest rates and grocery prices, so we’re going to continue to step up and save you 14 cents at the pump.”
The current gas tax holiday, which applies to gasoline and diesel used to operate motor vehicles, will now be extended until December 31. The premier highlighted that drivers of the most popular vehicle type in the province, pickup trucks, will save approximately $14 each time they refuel.
The Manitoba Bureau of Statistics has estimated that the gas tax holiday has directly contributed to a 0.4 percentage point decrease in inflation. Since the introduction of the gas tax holiday, Manitoba has boasted the lowest average retail price on gasoline in Canada, with inflation dropping to within the Bank of Canada’s target range of one to three percent.
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