Government introduces amendments to reduce the price of gasoline and diesel

20 November 2024

FREDERICTON (GNB) – Legislative amendments aimed at lowering gas and diesel prices were introduced today in the legislative assembly.

The change would take effect when the bill receives royal assent in mid-December.

“As promised, we are taking immediate action to address the affordability challenges facing New Brunswickers,” said Finance and Treasury Board Minister René Legacy, who is also minister responsible for energy. “Removing the cost of carbon adjuster, along with other measures like a rent cap and removing the equivalent of the provincial sales tax on electricity bills, are all aimed at making life more affordable here in our province.”

The amendments to the Petroleum Products Pricing Act, if approved, would remove the cost of the carbon adjuster from the price of gasoline and diesel. The government had committed to doing so as part of its affordability measures.

It is estimated that removing the carbon adjuster would save New Brunswickers about four cents per litre at the pumps. Businesses, local governments and organizations with large transportation costs would also benefit from these amendments.