Doug Ford speaks on Ontario’s gas tax cut amid high pump prices | LIVE

From Global News.

Ontario Premier Doug Ford will be joined by Finance Minister Peter Bethenfalvy and Transportation Minister Caroline Mulroney to restate the government’s intention to slash the province’s gas tax by 5.7 cents per litre and the fuel tax, which covers diesel, by 5.3 cents per litre for six months.

The cut to the province’s gas tax promised prior to the June election takes effect on Friday. Experts say it may offer some relief to drivers facing sky-high pump prices, but the long-term benefits to consumers are unpredictable.

The changes will be in effect from July 1 to Dec. 31 with the government pegging the cost at $645 million.

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