Fairly big: Ontario gas prices drop as Ottawa ends consumer carbon price [Video]

Ontario gas prices are plummeting with the federal consumer carbon price now scrapped.

Tuesday marked the end of Ottawa’s consumer fuel charge after Mark Carney signed an order-in-council to remove it when he was sworn in as prime minister last month. The industrial carbon price remains in place.

With the policy now in effect, gas prices are expected to tumble anywhere between 17 to 20 cents a litre in the province, analysts said.

Roger McKnight, chief petroleum analyst with En-Pro International, told Global News the price drop for diesel will be even higher, with that cost expected to plummet by 21.4 cents per litre.

However, McKnight said prices may fluctuate given other factors, including HST being built into the price at the pump.

Patrick De Haan, head of petroleum analysis at GasBuddy.com, echoed that sentiment.

“While this is a fairly big lever that will help prices go down significantly … the underlying cost of …