Nunavut government cuts diesel, gasoline prices

New pricing kicked in Jan. 12

Retail fuel prices dropped by four cents across most of Nunavut on Jan. 12 and by a total of nine cents in Iqaluit. (Photo by Emma Tranter)

By Emma Tranter

The price that Nunavut residents pay at the pump for gasoline dropped on Sunday, Jan. 12.

The new price system, announced last week by the territory’s Department of Community and Government Services, will see diesel and gasoline prices drop by four cents per litre, before all applicable taxes, including the carbon tax.

And in Iqaluit, prices will drop by an additional five cents per litre for a total cost reduction of nine cents per litre.

The reduction on diesel is for motor vehicles only, and does not apply to any other diesel fuel, said a spokesperson for the Department of Community and Government Services.

“The additional price reductions in Iqaluit are intended to reduce the gap between what consumers pay in Iqaluit compared to other communities, where prices are lower,” the department said in a news release.

“Thanks to the diligence of our Petroleum Products Division in implementing their early purchase policies, we are able to provide these substantial cost reductions to Nunavummiut,” Lorne Kusugak, Nunavut’s community and government services minister, said in the release.

The reductions in fuel prices reflects an overall decline in market prices for crude oil in 2019, the release said.

“PPD was able to capitalize on advantageous crude prices in international markets and secure its 2019 diesel and gasoline requirements at costs 11 to 15 per cent lower than in 2018,” the release said.

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(6) Comments:

  1. Posted by Peter on

    I thought with carbon tax it was going to get very expensive with fuel! All the fear mongering that went on wasn’t very accurate.

    • Posted by Consistency on

      good point. Or would the cost of fuel gone down even further? or did they forget and now that you mentioned it they will up it now. haha

    • Posted by Jon on

      The carbon tax is supposed to make fuel less affordable soas to refuce consumption! Not that it will work, since we need that product to heat and move us. I find it hard to believe that the feds think this tax is a good idea… Just wait when it goes up again in a few months! Heads will roll soon

      • Posted by Peter on

        With all the fear mongering that went on during the elections it seemed like the price of fuel was going to dramatically go up, I used to believe all the fear mongering going on, right now it’s about guns, people think their hunting rifles will be taken away, but reality is the government will not do that, it’s for assault rifle and hand guns, nothing to do with hunting rifles.
        So many misinformation out there especially about the liberal government, I’m not a big supporter of the liberals but it seems like there is so much fake information about them. Just like when our gas prices were supposed to get so expensive which it did not happen. Don’t believe all the memes and fake information, do your own research and get informed.

  2. Posted by Numbers matter on

    They said the price, before taxes, went down.
    They neglected to say that the price, after taxes, is higher.

    “The new price system, announced last week by the territory’s Department of Community and Government Services, will see diesel and gasoline prices drop by four cents per litre, before all applicable taxes, including the carbon tax.”

    • Posted by Paul Murphy on

      My thoughts exactly. We don’t know walt the taxes will add back on. An incomplete report. Co.e on Nu atsiaq News. You guys are better than this. Ask and get ALL of the story

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