Canada’s federal consumer carbon price is set to be eliminated on April 1, a move that is expected to result in a significant decrease in gas prices by 15 to 16 cents per litre and diesel prices by up to 20 cents per litre. Along with the carbon price, the carbon rebate program will also come to an end in April. This development could lead to potential savings of around $300 per year for consumers, even amidst the ever-changing landscape of the global oil market. The decision to end the carbon pricing system has been met with mixed reactions, with some welcoming the relief it will bring to their wallets, while others express concerns about the impact on the environment. The move comes as part of the government’s efforts to address climate change and reduce carbon emissions. As consumers eagerly anticipate the drop in fuel prices, experts are closely watching how this change will affect the overall economy and environmental initiatives in Canada.