The price of diesel is skyrocketing. Here's why Canadians may soon feel it at the grocery store
Rising diesel prices in Canada, driven by global geopolitical conflicts, are expected to increase the cost of goods as trucking companies pass fuel expenses to consumers. Experts note that these energy costs are currently having a more significant economic impact than trade tariffs.
Why it matters
High fuel costs create inflationary pressure on essential goods, directly impacting the cost of living for the average consumer.
"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.
"End of the day, companies have to pass that cost to the consumers," Dulat said.
"You're going to see that impact coming on the grocery prices."
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