Global conflict and ongoing supply disruptions in the Middle East are driving up fuel prices around the world.
But early Tuesday, the Canadian federal government announced a temporary suspension of the federal fuel excise tax on gasoline and diesel.
This suspension will last until September 7, 2026.
As a result, gasoline prices are expected to decrease by 10 cents per litre, while diesel prices could fall by 4 cents per litre.
The national average gas price in Canada stands at 174.9 cents per litre as of April 2026.
In Nova Scotia, the Energy Board has set local gasoline prices between $1.79.8 and $1.82.1 per litre.
Mark Carney stated, “We’re building a stronger, more resilient, and more independent Canadian economy. As we build, we’re cutting your taxes, reducing the costs of your homes, and providing you relief at the pump.”
Canadian spending on gasoline surged by 9.1% in March 2026—largely attributed to geopolitical tensions affecting fuel availability.
Patrick De Haan emphasized that this measure will result in savings for consumers all summer long.
Details remain unconfirmed regarding how quickly these price reductions will take effect across various regions.