Progressive Conservative Leader John Tory says every cent of Ontario's gas tax will go toward improving roads and transit if he is elected premier this fall.

Speaking to reporters at a Toronto gas station on Monday, Tory said he is promising what he called "truth in taxes."

He accused the Liberal government of Premier Dalton McGuinty of cheating Ontario residents saying it is taking in more than $3 billion in gas tax and fuel tax revenues, but spending less than $2 billion on transit.

"I want to have this money accounted for specifically and have the taxpayers know the truth — that it is all going to transit and roads."

Tory says his plan includes reducing gridlock and minimizing greenhouse gas emissions. He is also promising more GO Transit service to under serviced areas around the Greater Toronto Area.

About 14.7 cents from every litre of gas goes to the provincial government. 

Ontario goes to the polls Oct. 10.

with files from the Canadian Press.