Langley Chamber on CKNWs Mike Smyth Show To Talk Inflation and Gas Taxes

The Greater Langley Chamber of Commerce is calling on the provincial and federal governments to take immediate action on high fuel prices by suspending nearly 30 cents per litre in fuel taxes in an effort to help businesses and families facing persistent inflation. As inflation hits a nearly 40-year high of 7.7% in Canada, fuel prices in the Lower Mainland have been pushed up 25-30% this year, averaging over $ per litre for gasoline. Of that price, the federal excise tax represents 10 cents/litre and the provincial non-Translink motor fuel tax is 8.5 cents/litre, with the 5% GST then applied to the after-tax price at the pump. The Langley Chamber estimates that at current prices these three taxes cost consumers 29.5 cents per litre and suspending them specifically would save nearly $15 per fill-up for the average family car.