Gas prices surged in Montreal overnight, jumping over 5 cents due to escalating tensions between the U.S. and Iran. On Friday morning, regular petrol was priced at 186.9 cents per liter, with diesel at 232.9 cents, according to the Regie Essence Québec website. A consumer noted a price of 187.9 cents at an Esso station in Nun’s Island.
The ongoing conflict has reignited concerns in the Middle East, with both nations accusing each other of ceasefire violations, particularly in relation to shipping through the Strait of Hormuz. This has led to a rapid increase in oil prices, with crude reaching US$78.10 a barrel following President Trump’s announcement of the end of the interim agreement with Iran.
As tensions persist, further price hikes are anticipated in the coming days, adding to the economic uncertainty surrounding the situation.
Keyphrase: Montreal gas prices
