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Gasoline consumed in or by fishing, farming, logging, manufacturing and processing, transportation by boat, locomotives, generation of electricity and household fuels may be exempted from the tax. Persons exempted from the tax on gasoline may apply to the Department of Finance for a tax rebate.
Jun 2, 2022 · A cut to Newfoundland and Labrador's provincial gas tax has officially come into effect, temporarily lowering the price of gasoline and diesel across the province until 2023.
May 26, 2022 · In a bid to temper the rising cost of living, the Newfoundland and Labrador government is temporarily cutting the provincial gas tax in half and promising a minimum wage of $15 an hour by...
May 26, 2022 · The price of gasoline sits at around $2.22 per litre on the Avalon Peninsula but is as high as $2.47 per litre in parts of Labrador, while diesel ranges from $2.25 in Newfoundland to near $3...
- An Uncertain Future
- Future Fund
- An Improved — But Volatile — Situation
Coady said the improved situation has resulted in all three of the provincial government's credit agencies moving their outlooks for Newfoundland and Labrador from negative to stable. Oil prices are higher than projected — up from $86 US per barrel to $102 per barrel — and production is up, from 83.1 million barrels to 85.2 million barrels. Total p...
Coady announced the provincial government will contribute $157 million to a fund it will eventually use to pay down debt. Last week, the provincial government announced details of legislation to create what it's calling a "future fund," where it plans to deposit a portion of oil royalties and revenues from the sale of assets over $5 million. Accord...
Coady said the province is seeing "solid" signs of economic growth, but she pointed to rumbles of a global economic recession that could signal potential future difficulties. The provincial government previously hinted at the improved outlook when it announced one-time cheques for residents who earn $125,000 or less would be delivered this fall. Co...
Jul 1, 2023 · Prices for the fuel in Newfoundland now range from between $1.66 to $1.78 per litre, while customers in Labrador will pay between $1.73 and $2.41 per litre.
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Newfoundland and Labrador proposes to retain the existing carbon tax approach, including exemptions for home heating fuels, that came into effect in 2019 (Annex A) for other sectors of the economy.
