With diesel prices skyrocketing due to ongoing global conflicts, filling up the trucks that carry food and goods across Canada has never been more expensive, experts say — and Canadians could be feeling it soon.
Ongoing U.S.-Israel war with Iran is biggest threat to overall inflation by driving gas prices up
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As of Saturday prices sat at $2.62 per litre across Canada for diesel, surpassing last week’s high of $2.52 after a brief dip earlier this week. (Christopher Katsarov/The Canadian Press)
With diesel prices skyrocketing due to ongoing global conflicts, filling up the trucks that carry food and goods across Canada has never been more expensive, experts say — and Canadians could be feeling it soon.
“It’s very bad,” Tej Dulat, director of government and public affair with the Canadian Truck Operators Association, told CBC News.
A commercial truck goes through hundreds of litres every week, making fuel one of the biggest costs for trucking companies, Dulat said. And while the industry can usually absorb a brief spike in prices, he said, the margins have been tighter since prices jumped in 2022, when Russia invaded Ukraine.
Now, prices are even higher.
This story was brought to Nouzie by RSS. The original post can be found on https://www.cbc.ca/news/business/diesel-prices-food-9.7340870?cmp=rss
