How much does diesel cost in Canada?

Diesel prices: We show prices for Canada from 24-Apr-2023 to 31-Jul-2023. The average value for Canada during that period was 1.56 Canadian Dollar with a minimum of 1.51 Canadian Dollar on 12-Jun-2023 and a maximum of 1.69 Canadian Dollar on 31-Jul-2023.

Will Canada's gas prices increase in 2022?

If the CFS uses that as a standard, McTeague estimates every province outside of B.C. will see an immediate increase of 16 cents per litre on Dec. 1, 2022. Although he's confident this is the direction gas prices will be going in Canada, McTeague left the door open to unforeseen circumstances.

Why did Canadian gasoline prices decline in the fourth quarter?

Canadian retail gasoline prices declined in the fourth quarter as crude prices weakened and refining margins contracted. Conversely, retail diesel prices increased in the same period as refining margins widened upon distillate shortages across the planet. Crude prices declined from the previous quarter as recession fears grew.

How much does oil cost in Canada?

The North American benchmark price for oil climbed well above $75 US per barrel last week. The average retail gasoline price in Canada climbed to over $1.48 a litre, according to Natural Resources Canada. Motorists may not get much reprieve for several months.