Drivers in Toronto and the GTA are in for some good news as gas prices are set to hit a low of 126.9 cents per litre this week, the lowest since April 2025. Industry experts En-Pro and historical data from CityNews confirm this significant drop, a welcome relief for motorists. The last time prices were this low was back in April 2021, during the peak of the COVID-19 pandemic when they hit 122.9 cents per litre.
The decrease in gas prices can be attributed to the recent decision to abolish the 17.6 cents per litre consumer carbon charge by the federal government. Prime Minister Mark Carney’s swift action in office helped bring down costs at the pump, resulting in prices plummeting to levels not seen since December 2021.
Get ready to save at the pumps as gas prices take a dip in Toronto and the GTA, offering some respite to drivers in the region.
Keyphrase: Toronto gas prices