• Islanders will pay less at the pump starting Saturday as P.E.I. suspends provincial fuel tax

  Source: Prince Edward Island - Regional News
  Date: 2026-09-25 14:05:00.0
  Tags: [Prince Edward Island, Taxation, Affordability, Economy, Agriculture, Transportation]

  The Government of Prince Edward Island announced a four-month suspension of its provincial fuel tax on gasoline and diesel, effective from September 26, 2026, until January 31, 2027. The tax break eliminates the 8.47 cents per litre tax on gasoline and the 14.15 cents per litre tax on diesel, dropping both rates to zero to provide relief amid high global oil prices. Following the suspension, from February 1 to March 31, 2027, the tax will return at half its current rate (4.24 cents per litre for gasoline and 7.08 cents per litre for diesel) before being fully restored on April 1, 2027. The policy impacts provincial revenue previously budgeted at approximately $28.2 million in gasoline-tax collection for the 2026-2027 fiscal year, compounding existing concerns over P.E.I.'s projected $410 million deficit and growing debt.

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• Canadian diesel refiners churn out record profit margins, adding pressure on farmers, cost of goods

  Source: Alberta - Edmonton Journal (Legislature & Capital)
  Date: 2026-09-01 11:00:37.0
  Tags: [Alberta, National, Energy, Economy, Agriculture, Transportation]

  Canadian diesel refining margins reached record highs, topping an all-time high of 119.4 cents a litre on August 19 according to Kalibrate Canada, driven by supply constraints including knocked-out Russian refining capacity and Strait of Hormuz export disruptions. The price spike adds significant operational cost pressures on key sectors like agriculture—where Alberta farms had harvested only 1.1 per cent of major crops by August 18—as well as rail and trucking freight. Facilities such as the Sturgeon Refinery northeast of Edmonton, jointly owned by the Government of Alberta and Canadian Natural Resources Ltd., produce approximately 40,300 barrels of diesel a day, but consumers continue to face retail prices averaging about $2.30 a litre due to fuel selling into global markets.

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