Canada suspends fuel excise tax until September

Canadian Prime Minister Mark Carney's new majority government has announced the suspension of federal fuel excise taxes as its first major policy addressing the affordability crisis. The measure will reduce gasoline prices by 10¢ per liter, diesel by 4¢ per liter, and aviation fuel prices starting April 20, 2026. The tax relief will run through Labour Day on September 7, providing immediate pump savings for Canadian families. Carney called the suspension a responsible action delivering real relief during economic pressures, with Vancouver gas prices already exceeding $2.00/L and diesel hitting $2.50/L+ in the Lower Mainland before the tax break.