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Business of Supply

This Bill amends existing laws to implement measures first laid out in a 2026 'Spring Economic Update.' The most prominent provision, and the focus of most discussion, suspends the gasoline excise tax for several months, aiming to reduce prices at the pump. Many Conservatives argued that the Bill did not do enough to address affordability, and wanted the price reduction to be bigger and to last for a year - some Liberals argued this was unnecessary as the government had already enacted various affordability measures. Some on the left argued that the temporary reduction would be pocketed as profits by the petroleum industry without any effective price cap.

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