Up to 25-cent drop in gas prices possible across Canada [Video]

Canadians could see significant price drops at the gas pumps in the coming weeks but they may not last long.

In his first move as Prime Minister, Mark Carney signed an order-in-council to end the consumer carbon price on Friday. The order would set fuel charge rates for all types of fuel and combustible waste to zero after March 31, 2025.

This could mean gas prices could drop by as much as 25 cents a litre, fuel price expert Dan McTeague of GasWizard.ca, who is also the president of Canadians for Affordable Energy, told INsauga.com.

“So as of Tuesday, April the first, and one hopes that this isn’t an April Fool’s joke, the price would drop effectively, right across the board, here in Ontario, 20 cents a litre, almost 25 cents a litre drop for diesel, McTeague said.

The price drop will be different across Canada.

“So it really varies depending on the province and the GST,” McTeague …