FREDERICTON – The New Brunswick Energy and Utilities Board has canceled gas price cuts that were scheduled to take effect today. This decision comes after Premier Susan Holt campaigned in the 2024 election to eliminate part of the carbon adjuster tax on diesel and gasoline to alleviate the high cost of living for residents.

On October 30, Holt announced that the tax would be reduced, which was expected to save New Brunswick consumers approximately eight cents per liter. The carbon adjuster tax, introduced in 2022, transfers the costs associated with federal clean fuel regulations from refiners and retailers to consumers.

The energy board's decision stated that eliminating the tax could negatively impact both petroleum wholesalers and retailers. In response, Premier Holt expressed her frustration, stating that it is the board's responsibility to ensure the lowest possible prices for consumers. She emphasized her disappointment that her government's efforts to reduce costs for residents were overturned.

The cancellation of the gas price cuts has raised concerns among consumers who were hoping for relief from rising fuel costs. The situation highlights the ongoing challenges related to energy pricing and regulatory decisions in the province.

This report was first published on December 1, 2025.