Provincial Government Advances Gas Tax LegislationProvincial Government Advances Gas Tax Legislation

The article reports that in March 2026 the provincial government announced agreements covering royalties, life-of-field benefits, and an option for Newfoundland and Labrador to acquire up to a 10% equity interest in Bay du Nord. The agreements include minimum provincial fabrication requirements, funding for fabrication and R&D, significant projected…

The article reports that fuel prices in Newfoundland and Labrador dropped because of the federal suspension of the excise tax on gas, diesel, and aviation fuel, with regular gasoline down 11.5 cents per litre and diesel down 4.6 cents per litre. It notes that propane and furnace oil are exempt from the federal tax, so their prices won’t change, and that…

The article reports that the federal government will temporarily suspend the federal excise tax on gas, diesel, and aviation fuel, effective Monday, saving about 10 cents per litre on gas and 4 cents per litre on diesel until Labour Day. Premier Tony Wakeham welcomed the measure, calling it welcome relief and noting he had requested such a measure from…

The article reports that Ottawa announced a plan to cut the federal gas tax. Newfoundland and Labrador MPs sparred in the House of Commons in response to the announcement.