Discussion · Government Orders
Jim Bélanger Conservative
“Fuel taxes are added on top of the base price of oil. Because of that, cutting the fuel tax directly saves money for consumers.”
“Mr. Speaker, my impression is that we do not share a common understanding of the situation. If I understand correctly, the question is whether tax rebates go directly to consumers. My understanding of the oil market is that the base price is determined by New York Harbor and by global market forces. Then taxes are added. For each distribution centre, there is a base nominal price on oil that is set every day. Various applicable taxes are then added, followed by the GST. In my opinion, yes, the savings go directly to consumers.”
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Question or comment in debate
Relevance 46 of 100
None of this question addressed the preceding speech or the topic under debate.
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Official Hansard
Mr. Speaker, my impression is that we do not share a common understanding of the situation. If I understand correctly, the question is whether tax rebates go directly to consumers. My understanding of the oil market is that the base price is determined by New York Harbor and by global market forces. Then taxes are added. For each distribution centre, there is a base nominal price on oil that is set every day. Various applicable taxes are then added, followed by the GST. In my opinion, yes, the savings go directly to consumers.