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The federal carbon tax will be raised on April 1st. How does it affect gas prices?

Gas prices in some states are expected to rise on Friday as federal carbon taxes rise.

The federal carbon tax will increase by 25% on April 1st, for a total of $ 50 per ton of emissions. For pumps, the federal government estimates an additional charge of 2.2 cents per liter of gas, for a total of 11 cents per liter.

Increased costs will hurt drivers in Ontario, Alberta, Saskatchewan, and Manitoba. These states do not have their own carbon pricing schemes.

Source Eminetra

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